Rate hikes coming sooner than thought -advisor

"Being able to raise interest rates immediately after ending QE, so that pulled things forward a little bit. I think that wasn't priced in, it's it being priced in right now," said Graham.

The Federal Reserve said on Wednesday it would end its pandemic-era bond purchases in March and pave the way for three quarter-percentage-point interest rate hikes by the end of 2022 as the economy nears full employment and the U.S. central bank copes with a surge of inflation.

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