Morning Note | March 22, 2023

Good Morning!

Markets are mixed as investors are in a wait-and-see model with the Fed decision later today.  The bond market is pricing in ~1.5 more hikes to end the cycle and then ~2 cuts in second half of 2023.  The DOTS may adjust those expectations. Bond yields and the US dollar are lower; commodities are weaker with strength across metals. Existing …