Thursday March 17 (St. Patrick’s Day): Five things the markets are talking about This month was always going to be about the “battle of the Central Banks.” Two-weeks in and they have not disappointed. Some are aggressive, some passive, but they are all in agreement on one thing, they consistently express a cautious tone on the global economy. Yesterday’s FOMC announcement provided some vindication for the market. Dealers and investors seem to have been more in tune with the underlying data than most Fed officials. Therefore, it was necessary for the Fed to back off its relatively fast rate hike anticipations. To ... (full story)