Will the Central Banks Always Be There for the Market

FRED:FEDFUNDS   Effective Federal Funds Rate
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Central bank accommodation graduated from rate cuts to stimulus early in the market recovery from 2009. That support helped to keep presumed 'risk' low. However, it has also increasingly reached beyond the bounds of what it should reasonably be expected to provide the capital markets. The Fed and its global counterparts are likely to be a little less supportive in the event of a market retreat than many seem to believe.
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