Marketmind: Q1 was hard to get a handle on, and a choppy Q2 beckons

Published by
Reuters UK

A look at the day ahead in European and global markets from Tom Westbrook A lot of investors went in to this year expecting the U.S. interest rate outlook to reveal itself, and for clarity on that front to inform pricing for pretty much everything else. Three months have gone by and it hasn’t quite worked out that way. Pulling in one direction is a bank collapse that set interest rate expectations diving. Pulling in the other is persistently high inflation. After a month of wild swings for bonds and interest rate futures, rate expectations are settling around a peak in the Fed funds rate near …

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