Market Snapshot: Why Inflation And The U.S. Policy Response Will Be Key For Markets In 2022

U.S. financial markets have been pretty smooth sailing for investors this year, with the Federal Reserve’ s easy-money policies helping to iron out rough patches during the pandemic. In the final weeks of December, the S&P 500 index SPX, +0.62% was up about 20% on the year, while U.S.“ junk bond” yields with speculative-grade JNK, +0.30% ratings were near historic lows…