The US Fed cut rates but the market reaction is clearly negative – US dollar gains, gold and silver move lower and stocks go down as well as there seems to be growing divergence of view at the FOMC. Dot plot suggests another cut this year and this is dovish but no further cuts in 2020 and the statement does not address present liquidity concerns. Expect many tough questions to Powell who will begin his conference within minutes (7:30pm BST/8:30pm CEST).
Daily summary: Week ends with Brent at 100$ and indices in the red
Three markets to watch next week (13.03.2026)
BlackRock has a problem, but not a crisis
US OPEN: Cautious gains after GDP disappointment