Weekly Market Commentary – Investors have been recalibrating their expectations.
The Markets Investors have been recalibrating their expectations. There is a lot going on in the world that could affect the value of financial markets – wars, tensions between major powers, a strong dollar, and rising oil prices – just to name a few. Last week, it was Federal Reserve policy. The possibility that the Fed might keep rates higher for longer shook investors, reported Naomi Rovnick of Reuters. At a policy forum early in the week, Fed Chair Jerome Powell told the audience: “The performance of the U.S. economy over the past year has really been quite strong. [...]