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Market Watch Weekly | April 9, 2021 | Already Lost My Master's Pool. Thanks Rory.

Erik Dekker - Apr 09, 2021

It was another week of record gains in most North American indices as a falling 10-year Treasury helped offset investor fears of rising rates. Moving markets this week was the International Monetary Fund’s (IMF) rosier than expected economic outlook. In its communique, the IMF said the global economy is recovering faster than expected from the COVID-19 crisis.

IMF Managing Director Kristalina Georgieva said a stronger growth outlook for the United States has had positive spillovers for the world. Georgieva admonished Federal Reserve Chair Jerome Powell to communicate clearly the Fed’s view its view that inflation remains under control, saying markets have adopted a more “exuberant” view towards inflationary expectations, pushing bond yields higher. The IMF is forecasting that U.S. inflation will be 2.25% in 2022, only slightly above the Fed’s 2% target, but well within its “average” range.

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