The Daily Shot Brief – March 22nd, 2018




The United States: Let’s begin with the FOMC decision, which, despite the 25bps rate hike, was more dovish than anticipated. While some economists expected the Fed to tilt toward four rate hikes in 2018, the ‘dot plot’ rate projections were unchanged for this year (still three hikes). As expected, the guidance for 2019 and 2020 ticked up.

Source: Natixis

Here is the dot-plot over time for 2019 and 2020.

Source: Bloomberg

The FOMC boosted its forecasts for US GDP growth and lowered the projection for the unemployment rate. The central bank’s inflation outlook also ticked up slightly.

Source: Natixis


Equity Markets: Amazon’s market cap is now higher than Google’s and Microsoft’s.

Source:, h/t Paul Menestrier; Read full article


Cryptocurrency: Here is the breakdown of the total global blockchain spending.

Source: @trevornoren; Read full article


Energy Markets: US net oil imports are trending lower.

Source: Princeton Energy Advisors


Europe: Central European economies appear to be slowing. At least in part, this is the result of worsening labor shortages and higher labor costs.

Source: BMI Research
Source: BMI Research


Food for Thought: The impact of last year’s hurricanes on mortgage delinquencies.

Source: Black Knight



Edited by Joseph N Cohen

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