The week of March 20 will likely be one of reflection for the global financial markets in the wake of a deluge of economic data and monetary policy developments during the previous five days.
A parade of Federal Reserve governors will chime in on monetary policy throughout the week following the central bank’s decision to raise interest rates on March 15. Fedspeak has been a major driver of U.S. and global equity markets since policymakers first voted to raise interest rates way back in December 2015.
In addition to the Fed, a steady stream of market data will fill up the economic calendar. With the bulk of earnings season behind us, economic data will shine a bigger spotlight on the performance of the U.S. and global economies.