Invest
Weekly Market Recap | 21 March 2021
By Syfe  •  March 21, 2021
Thought Of The Week Powell’s Fed Message, Dot Plot, Quadruple Witching The U.S Federal Reserve did nothing unexpected. Fed Chair Jerome Powell continued to project near-zero interest rates at least through 2023 during its March meeting on Wednesday despite the mounting inflation worries in financial markets. Massive fiscal support and widening vaccinations have buoyed expectations that easy credit will overheat the economy such that rate hikes may need to happen sooner than later. However, Powell, who is not an economist, was not unduly concerned by the rising yields and indicated that the Fed would not use economic forecasts to change policy pre-emptively but would want to see actual data instead. The danger with this approach is that real time data is not necessarily correct. The new dot plot of interest rate forecasts submitted by each of Fed’s eighteen policy makers also showed seven officials forecasting a rate increase by...
Read the full article
By Syfe
Syfe is a digital investment platform that is building the next generation of financial solutions for individuals across Asia ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance