Why stocks rallied on the Fed, even with the more aggressive interest rate outlook
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Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a live-streamed news conference following a Federal Open Market Committee (FOMC) meeting in New York, on Wednesday, Dec. 15, 2021.
Michael Nagle | Bloomberg | Getty Images
The Federal Reserve managed a dramatic switch in its policy outlook from ultra-easy to tightening without triggering a market tantrum – so far.