HomeDefinitionsCompareDebt Three steps and a stumble ruleThe financial definition for Three steps and a stumble rule:A rule predicting that stock and bond prices will fall following three increases in the discount rate by the Federal Reserve. This is a result of increased costs of borrowing for companies and the increased attractiveness of money market funds and CDs over stocks and bonds as a result of the higher interest rates. Click to compare definitions of Three steps and a stumble rule Click to view definitions beginning th |