Global stock markets turned red on Thursday (March 4), with Wall Street sliding as the United States (US) Federal Reserve (Fed) Chair Jerome Powell’s remarks failed to calm concerns about higher interest rates and inflation. Powell once again made a very dovish pledge to keep its monetary policy accommodative until the economy reaches full employment and inflation is at 2%. However, looking for how markets reacted, investors were expecting some tweaks to cap yields, which could have been done by embarking on yield curve control. 

To subscribe please click here