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By Sonal Desai, Ph.D., Executive Vice President, Chief Investment Officer, Franklin Templeton Fixed Income
The US Federal Reserve's decision to keep interest rates steady at its March meeting came as little surprise, but its updated "dot plot" projections were interpreted by markets as sending a decidedly more dovish signal than expected. Franklin Templeton Fixed Income Group CIO Sonal Desai offers her take on the meeting, and why she feels markets shouldn't read too much into the dots.
I'm surprised at how surprised - and frothy - market reaction has been at the outcome of the