Equity Market Sell-Off is Just What the Fed Ordered

<p>Stocks sold off on Friday, April 29th as expectations of a recession increased. The Federal Reserve will continue to tighten financial conditions - targeting the equity and housing markets - until inflation is brought to heel. There is a lot of bad news already priced into this market, but it could get worse as the Fed tries to engineer an elusive economic “soft-landing.”</p>