March Madness For Central Banks

The month of March is generally eventful and provides us with multiple potential market-moving events to monitor. It has been a roller coaster of a year so far, with one of the strongest January returns ever for the S&P 500 Index, only to be followed by the fastest descent ever from record highs to a correction (nine days) in early February. As we turn the calendar to March, the days will get longer and a little warmer, and basketball brackets will be released. (Villanova and Xavier are fighting to finish first in the Big East; those two schools happen to be the alma maters of the two authors of this piece.)

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