Flying Blind.
A Fed week began on Monday with financial markets pretty much on hold. While there was zero probability of an interest rate cut announcement, the Wednesday March meeting of the interest rate-setting committee was still set to include the “Dot Plot & Statement of Economic Projections”; members’ quarterly estimates of where they believe interest rates, inflation and economic growth are heading in the coming months and years. This was bound to make interesting reading in the current uncertain market conditions.
Retail sales data before the open showed an increase in February but less of a…
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