As promised – a follow up market update given the recent bounce we’ve seen across risk assets over the last few trading sessions.
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Hope you all enjoy!
Summary
Macro Context
- All eyes on the March 19th FOMC decision, though markets expect no rate cut (maintaining 425-450 basis points)
- Fed’s December hawkish stance led to recalibration in market expectations for 2024
- Key economic data points coming: GDP