The Fed Meeting Changed Everything

The March Fed meeting may have been a turning point. After that meeting the rate hike talk came back. Nobody expected it but the tone from every major central bank that week made traders nervous. All the major central banks including the Fed, ECB, BOE and BOJ held rates steady but warned that higher energy prices could keep inflation elevated. That made traders think rate cuts could be delayed and in some cases that another hike was possible later in the year.Jaime Martinez Medina, Global Market Strategist ...