Latest / MPC Markets Morning Call
19th March: Fed keeps Rates Unchanged as Powell admits "No One Knows" what comes next
Global markets endured a brutal session overnight as Iran escalated its military campaign across Gulf energy infrastructure, sending Brent crude surging near US$110 and triggering a broad risk-off selloff. The Federal Reserve held rates steady but raised its 2026 inflation forecast, with Powell striking a cautious tone on future rate cuts. The S&P 500 dropped 1.4%, Treasury yields climbed sharply, the dollar strengthened, and prediction markets signal only a one-in-three chance of a near-term ceasefire — leaving investors bracing for further volatility as the energy crisis deepens.
The S&P…
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