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The Fed Taper, Interest Rates, And The Bigger Picture... [View Online]()|[Unsubscribe]( [Street Authority Daily] -[]Recommended Link [You asked… we listened.]( The one thing readers have said that's missing from Personal Finance? MORE. MORE opportunities… to make MORE money…MORE often. You asked… we listened. [Personal Finance Pro - is now live.]( Interested in locking down access to a system delivers a new pick virtually every week. Each with the potential to hand you payouts of $2,087… $2,327… $2,628… and $3,435. [Discover exactly what Personal Finance Pro can do for your portfolio NOW]( September 28, 2021 The Fed Taper, Interest Rates, And The Bigger Picture... By Brad Briggs Last week, while we were discussing [the situation in China]( with the Evergrande Group meltdown, the Federal Reserve made some big news that sent markets sharply higher. Fed Chair Jerome Powell officially announced that the central bank will begin tapering asset purchases. While that's not exactly new news, per se, what is news is that it could begin as soon as next month and end by mid-2022, assuming nothing changes. (This is the part where we can chuckle to ourselves about nothing changing between now and then.) -[]Recommended Link [SELL Your Marijuana Stocks Today… Buy This "Pot Biotech" Instead]( A breakthrough discovery is about to catapult one neglected biotech to the top of the marijuana industry. With 56 cannabis drug patents… this company could turn every $1,000 stake into $61,770. But you need to take action before an upcoming Senate vote turns the company into a household name. [Click here for details.]( Remember, the Fed has been purchasing up to $120 billion in U.S. government debt and mortgage-backed securities per month. This has undoubtedly had a dramatic effect on money supply, lowering long-term interest rates, and pushing investors further along the "risk" curve into other market assets. What's more, the Fed telegraphed that it may raise interest rates a bit faster than anticipated. According to the latest "dot plot," nine of the 18 Fed officials surveyed said that they would be comfortable raising rates next year. Source: [Federal Reserve Summary Of Economic Projections]( This came as somewhat as a surprise to most Fed-watchers. Some may worry that this all feels a bit too soon. On the one hand, the Fed seems to be acknowledging (perhaps begrudgingly) the persistence of inflation. Officials now project 4.2% inflation for 2021, more than double the Fed's 2% target, but for the rate to normalize back to 2.2% next year. That passes one of Powell's outlined criteria for raising rates. On the other hand, some worry if this hawkish turn - specifically the prospect of raising rates next year - is perhaps a bit too soon. Fed officials projected gross domestic product (GDP) to rise 5.9% in 2021, a sharp downward revision from the 7% projected back in June. What's more, as we briefly touched on in these pages, we had a dismal jobs report in August. The U.S. Census Bureau reported only 235,000 new jobs, well short of the 720,000 that were expected. Household Wealth Grows 19.6% While the Fed has taken unprecedented steps to stimulate the economy, so has the U.S. government. And this has had a profound effect on U.S. household wealth. According to the central bank, U.S. household net worth rose by $5.85 trillion in the second quarter. That's a staggering increase of 19.6% from a year ago and pushes household wealth to a record $141.7 trillion. Source: [Federal Reserve]( Driving much of this gain is, of course, surging real estate prices. About $1.2 trillion of that wealth came from real estate, with home equity rising to 67.7%, the highest level since 2008. Where did the rest come from? A little place you may be familiar with... it's called the stock market. U.S. households gained $3.5 trillion in wealth from the stock market, as all of the major indices have eclipsed their pre-covid highs... and then some. But as stimulus measures begin to wind down, investors should take note. Household debt also rose in the second quarter (by 7.9%). The Bigger Picture It's important to give these developments their proper context. Keep in mind that of the Fed members who project rate hikes next year, only three project two rate hikes, while the remaining six expecting one. That means rates will remain low next year, and likely beyond that. That means the easy-money party will continue for quite some time. Yet, as I've mentioned several times, global supply chains are in [an absolute mess]( right now and threaten to derail much of the progress we've made this year. Then, of course, there's the coronavirus. While the CDC recently approved boosters for over-65 Americans, the Delta variant continues to worry everyone from employers to employees (and would-be employees) to economists and investors. This week, key votes are expected to take place on President Biden's $1 trillion infrastructure package, as well as the $3.5 trillion spending proposal. As for the jobs situation, we'll know more when the September jobs report is released on Friday, October 8. We're at a key moment in the pandemic recovery. There's plenty to be worried about... volatility is spiking, and economic and political news threaten to derail what's been an amazing run for the market -- and investors. This is one of the reasons why my colleague Nathan Slaughter has been telling readers that they should have a stable of quality dividend payers in their portfolio that can hold up in any market. You see, you don't necessarily need to reach for risky "growth" stocks to strike it rich. With the right income stocks, you can build an incredible amount of wealth over time. And that's where his latest report comes in... Nathan has handpicked 5 of his absolute favorite dividend payers... He considers each one of them to be "bulletproof" - meaning you can build your portfolio around them, sleep well at night, and watch the income roll in year after year. [If you'd like to get their names, go here now.]( -[]Recommended Link [$98 million retirement fortune from only ONE stock?!]( [$98 million retirement fortune from only ONE stock?!]( Agnes P. wasn't your average millionaire. She lived modestly in Studio City, California; didn't own fancy cars or even go out to eat often. So, it was a massive shock when, after she passed away, it was revealed that she had accumulated a $98 million fortune... but the biggest shocker… [she did it by holding SINGLE stock.]( I call this type of stock a "Bulletproof Buy." This special type of stock could hand you incredible income in the coming years. And right now, in a groundbreaking report, I'll reveal 5 bulletproof buys you can pick up TODAY- [Full story here.]( To ensure that you receive these emails, [please add us to your address book.]( Disclosure: StreetAuthority doesn't own shares of any securities mentioned in this article. Members of our staff are restricted from buying or selling any securities for three days after being featured in our advisories or on our website. StreetAuthority is a publisher of financial news and opinions. StreetAuthority is not a securities broker/dealer or an investment advisor and we do not recommend or endorse any brokers, dealers or investment advisors. This work is based on SEC filings, current events, interviews, corporate press releases and publicly available information which may contain errors. All information contained in our newsletters and/or on our website(s) should be independently verified with the companies or sources mentioned. You are responsible for your own investment decisions and should always conduct your own research and due diligence and consider obtaining professional advice before making any investment decision. This message was sent by an automated message delivery platform. Please do not reply to this email address. Any messages sent to this address will be automatically deleted. We sincerely hope that you benefit from your subscription to this complimentary newsletter, and we're willing to do whatever it takes to keep you as a satisfied subscriber. You may contact our customer service department by [visiting this link](. To update your subscription or unsubscribe, please [click here](. Copyright (c) 2021 StreetAuthority, 7600A Leesburg Pike, Suite 300 Falls Church, VA 22043. All rights reserved. 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