Many investors sought safety in historically safer assets such as government bonds throughout the week, causing. The developments also shifted expectations for the Federal Reserve's next interest rate decision at its upcoming meeting on March 21 and 22.
A 25 basis point rate hike rather than a 50 basis point rate hike is now expected. Many economists believe the Fed will aim to strike a balance between its ongoing battle with inflation and reinforcing the financial system's stability. On the data front, the preliminary Michigan Consumer Sentiment report for March is due on Friday. It tracks how people view their personal financial situation, as well as their expectations for the economy.
Please tell Joe Kernen to let other people speak! He is talking over Andrew Sorkin. I want to hear what Andrew Sorkin has to say.
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