This week saw the market digesting a slew of big-name earnings at the same time as focusing firmly on what the Fed would do next week during the Fed’s blackout period. US stocks don’t want to second guess the Fed right now as STIR markets price in two rate cuts this year, but the Fed’s last dot plot communication in December was that there would be no rate cuts through all of 2023. Which source is right? The Fed or STIR markets? That question will be answered next week. The BoC hiked by 25 bps as expected and is probably now on pause, while Germany finally relented and sent tanks to help Ukraine in the ongoing conflict with Russia.

Other key events from the past week

Key events for the coming week

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