Global markets were roiled last week by inflammatory headlines, rising rates, and mounting fears of spiraling market declines. The Federal Reserve’s “Federal Open Market Committee” (FOMC) meeting minutes released in early January pointed to even greater hawkishness than the market had expected just in December, which was already greater than in prior months. Recent softening of economic data has added to the market’s concern. Amidst the near-term emotion, it’s important to take a deep breath and cast a discerning eye on both on the context of the decline, as well as the fundamental underpinnings and likely path ahead.
Heightened Uncertainty, but Viable Path to Stability
