Beyond Bulls & Bears

Steady Fed Maintains Dovish Stance
Fixed Income

Steady Fed Maintains Dovish Stance

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.