Market Watch Weekly | March 19, 2021 | Don't Fight The Fed!
Erik Dekker - Mar 19, 2021
While favourable policy tailwinds are a pillar of the positive fundamental outlook, the path ahead is in not a linear line. Fiscal stimulus will continue to stoke bouts of anxiety over higher inflation, rising interest rates, and potentially less...
North American markets finished lower amidst a busy week that saw the US Federal Reserve leave interest rates near zero on Wednesday and pledged to keep aggressively supporting consumers and businesses past the pandemic, even as the U.S. economy shows signs of rapidly gaining speed thanks to vaccinations and nearly $3 trillion in fiscal stimulus so far this year. Policymakers kept the Fed’s key borrowing rate in a target range of 0-0.25%, its lowest level in history and where it’s been since the COVID-19 outbreak first ripped a hole through the financial system nearly a year ago.
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