Looking at weekly performance statistics, financial markets were defined by a dovish lead from the Federal Reserve last week. The central bank stuck to its forecast of three interest rate cuts for 2024, even as it upgraded growth and inflation bets when it updated its Summary of Economic Projections, alongside the policy announcement on March 20. Stocks rose, with the bellwether S&P 500 adding just over 2% and the tech-tilted Nasdaq 100 up nearly 3%. Treasury bond yields fell at the front and back end of the curve. Two- and ten-year rates declined 2.9% and 2.5% respectively. The U.S. dollar weakened against all its ... (full story)