By: Lawrence Gillum, CFA, Fixed Income Strategist, LPL Financial & Ryan Detrick, CMT, Chief Market Strategist, LPL Financial
The Federal Reserve (Fed) meets this week and in all likelihood will raise short-term interest rates for the first time since emergency levels of monetary accommodation were provided to markets after the COVID-19 shutdowns. Inflationary pressures are running higher than the central bankers are comfortable with, but the conflict in Eastern Europe adds to the uncertain path of policy normalization. Prospects of yield curve inversion make the Fed’s job trickier.
Read the full commentary here: Weekly_Market_Commentary_3.14.2022