Weekly Market Recap – March 6, 2023

Chart of the Week 03-06-2023

Recent unexpectedly strong economic data have caused U.S. investors to reassess their outlook on U.S. monetary
policy. After February’s Federal Open Market Committee (FOMC) meeting, federal funds futures were pricing in a
terminal rate of 4.9% and a year-end rate of 4.4%, implying two rate cuts by the end of 2023.

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