MACROSCOPE: Yield curve concerns resurface as Federal Reserve turns dovish
A week ago – on March 20, to be precise – the U.S. Federal Reserve (the “Fed”) confirmed one of the most remarkable turnarounds in its monetary stance in years. Specifically, the Fed reiterated that it would be patient in making future adjustments to its benchmark interest rate. Concurrently, the median projection of Fed officials for future interest-rate increases this year (visualized through the so-called “dot plot”) dropped to zero, compared with two rate hikes in Fed forecasts as recently as December 1. Click here to read our latest market bulletin.
This information has been prepared by Luft Financial. Opinions expressed in this article are those of Luft Financial only and do not necessarily reflect those of IA Private Wealth. Furthermore, this does not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors.
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