AFMC - Federal Reserve Watch: Dollar Says Rates Won't Rise
- The announcement on Friday that there is a new, aggressive strain of the coronavirus sent financial markets into a quandary, resulting in a falling stock market and a falling dollar.
- It seems as if traders now believe that the Federal Reserve needs to focus more on a possibly weaker economy and keep interest rates from rising and monetary accommodation alive.
- The information on the new strain of coronavirus is new and incomplete, and investors need to learn a lot more about it and what it might do.
- But this is what radical uncertainty is all about and we must live with the fact that these surprises are going to continue to occur, which means investors must stay loose and stay informed.
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Federal Reserve Watch: Dollar Says Rates Won't Rise