Brad McMillan, Commonwealth’s CIO, recaps March’s market and economic news. U.S. and developed markets set new price records on economic and earnings growth, but fixed income lagged as interest rates rose during the quarter. Income, spending, and business investment stayed positive, but headline and core inflation remained above the Fed’s target levels. Will markets continue adjusting rate hike expectations to limit future volatility? Follow Brad at blog.commonwealth.com/independent-market-observer.
