Posted 9:30 AM ET - Stock valuations have not been this high since the tech bubble of 2000 and we are seeing selling pressure as the Fed moves closer to tightening. Look for choppy trading in this pre-holiday environment. Key changes in the FOMC statement from previous months: 1. The Fed will be reducing asset purchases (tapering) at twice the Rate that was reported at the last meeting. 2. Virus variants could weigh on economic growth and Real GDP growth was lowered .4% to 5.5% for 2021. 3. Median forecast by Fed officials is 3 rate hikes in 2022 and that …