Financial markets appear to have accepted that a March rate cut in the US is unlikely, with the probability of a Federal Reserve rate cut falling from almost 80% at the start of the year to less than 10% now. In general, markets have cut back expectations of policy easing from the G3 central banks by 230 basis points so far this year. Equity markets usually wilt as rate cuts become less likely, but a strong earnings season – highlighted by technology stocks – has seen US equity benchmarks hit new all-time highs again.
How long will investor sentiment stay upbeat while volatility remains in the doldrums?
Convera’s Global Economic Outlook for March provides key macro insights to help your business make informed cross border payment decisions in the month ahead. Download the report or watch our latest on-demand webinar below, and get the in-depth regional currency analysis you need to navigate cross-border trade with confidence.
