Categories
Learn

Weekly Market Recap

The FOMC meeting and its aftermath dominated the newsflow last week. As expected, there were no changes to the Fed Funds rate, and no specific indications as to when the Fed may begin to taper its asset purchase programs. However, changes to the “dot plot” (the annual rate forecasts from Fed policymakers) were interpreted by […]

Categories
Learn

Weekly Market Recap

Equity markets around the world rallied once again last week, driven by continued strength in earnings, notable progress on vaccine distribution, dovish commentary by Fed Chairman Jerome Powell, and some progress towards another round of economic stimulus in the US.