As discussed yesterday, last night we saw the much anticipated March meeting of the US Federal Reserve, the first coinciding with the anniversary of the COVID crisis that saw them unleash unprecedented easy monetary policy and the first since yields in US Treasuries started rising materially. As the Bloomberg headlines says this morning “Powell Holds Dovish Line as Fed Signals Zero Rates Through 2023”, the question on everyone’s lips of whether they would be dovish or hawkish was firmly answered in the dovish, or more easy monetary policy, affirmative. We discuss.
Link to full article.
https://www.ainsliebullion.com.au/gold-silver-bullion-news/fed-keeps-pedal-to-metal/tabid/88/a/2469/default.aspx
