Weekly Market Commentary - 10 March 2023

Alex Stojkovic

Investments

March 13, 2023

Federal Reserve chair Jerome Powell rattled markets earlier this week with his testimony to Congress where he appeared to open the way for a 0.5% rate hike this month. Powell suggested the Fed will be guided by the “totality of the data” shows this is necessary. Another strong non farm payrolls report will be a big step towards a bigger hike this time round.

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