Why the stock market doesn’t care about tapering

$SPDR S&P 500 ETF(SPY.US)$ $Invesco QQQ Trust(QQQ.US)$ $SPDR Dow Jones Industrial Average Trust(DIA.US)$ The central bank said in an unanimous decision that it would pare its US$120 billion per month bond purchases by US$15 billion a month. The reduction would be completed by mid 2022 before it considers raising interest rates. However, the pace could be accelerated if needed.

There is plenty of time before it's gone

People who have been looking for rate hikes, perhaps towards the second half of the year next year, might be taking some good news from this report today.

Everyone expected the worst to happen?