Global market report - March 21

World market reaction to last night's Federal Reserve meeting was cautious, while investors await the Bank of England, US jobless claims and Canadian inflation

James Gard 21 March, 2019 | 6:00PM

North America

 

US stocks closed lower despite the Federal Reserve’s dovish tone on 2019 rate rises. The message of slowing growth, the reason behind the expected pause in interest rates this year, was uppermost in investors’ minds. The Fed’s economic growth forecast of 2% for 2019 is one percentage point below the US Government’s, and global events could still derail the domestic economy this year.

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James Gard

James Gard  James Gard is subeditor for Morningstar.co.uk.

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