Markets Retreat and Rebound
14 Pages Posted: 7 Mar 2019
Date Written: March 5, 2019
Shifting prospects for growth and monetary policy in major economies dominated market developments during the period under review.1 In December, investors’ concerns that monetary policy would remain on a firmer course, despite a softening global economy, drove risky asset prices sharply lower. Starting in January, an accommodative turn in policy and improved economic signals in the United States lifted those prices again.
Suggested Citation: Suggested Citation