Markets Shudder as Federal Reserve QT Starts to Take Shape

Lazard sees risk to tech stocks, credit from faster tightening
MFS Investment Management highlights risk of high valuations

WATCH: BlackRock’s Kate Moore says expectations around margins and cost control will set the tone for the direction of the market for the next six months. Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Emily Barrett

April 6, 2022 at 12:58 AM UTC

Updated on

April 6, 2022 at 2:54 PM UTC

This article is for subscribers only.

Hawkish Federal Reserve officials continued to roil financial market Wednesday, as investors adjust to a central bank bent on quickly reducing its $9 trillion in debt holdings.

Hours before the minutes from the Fed’s latest meeting are expected to detail how the balance-sheet reduction will take shape, U.S. stocks tumbled more than 1% and Treasuries extended a selloff that pushed the 10-year yield above 2.60%.