Bonds–The Tide Has Turned and the Sky Darkened
As many of you know, the Federal Reserve Board recently agreed to taper its bond-buying economic stimulus program. It’s something we’ve been expecting—some would say dreading–for a long time. It means the Fed thinks the economy’s recovered to the point that it can move forward on its own. That’s great for business and job seekers, but what does it mean for you and I as investors? Rising interest rates.