U.S. markets made a comeback in March despite war, inflation and rising interest rates remaining the primary concerns. The S&P 500 closed +3.6% while the NASDAQ closed +3.4%; though both still in negative territory YTD (-4.9%, -9.1% respectively). Domestically, the U.S. Federal Reserve made a long-awaited move to raise rates +0.25% with further hikes to come (seven hikes this year, and four next year). The hikes came as February's CPI report showed a 12- month rise of 7.9%, the fastest pace for inflation since 1982.
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