The growing chorus of economists tipping the Fed would keep rates on hold when it announces its next decision on March 22 appears to be evaporating.
a little shaky again, with a fresh report from inside the bank noting previous management “did not design and maintain an effective risk assessment process to identify and analyse the risk of material misstatements in its financial statements,” which sounds just a little concerning.US inflation data
Core inflation ran at a seasonally adjusted and annualised pace of 5.6 per cent month-on-month in February, which was the hottest since last September. The picture beyond that is extremely difficult to read, with economists and strategists divided on whether the Fed will hike after that or enter a prolonged pause that keeps rates higher for longer.
“I’ve always felt that the Fed would sacrifice the economy to restore its inflation-fighting credibility,” he says. Adjust that multiple for where interest rates are setting and US stocks look even more expensive. “History implies that for current levels of real rates the SWhile it appears the global financial system has escaped the SVB episode with only very limited contagion investors should be careful about simply forgetting the disaster.
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