March Madness: Investors Prepare for Another Turbulent Week.
Global financial markets are expected to face another week of turmoil as concerns over US and European lenders continue to dominate sentiment and complicate central banks' fight against inflation. Currency markets will give the first read on demand for haven assets, with investors focusing on the yen, which gained the past four weeks as fears over the health of an array of lenders whipsawed markets. Bond traders have dramatically shifted expectations for monetary policy, abandoning wagers that the Federal Reserve will raise interest rates again in May and adding to bets that officials' next shift will be a rate cut as early as June.