The Economic Update – March 2014
Summary of the March 2014 FSP Economic Update
Financial market volatility rose early in the month as the decline in growth assets which characterised January continued into February. This decline was driven by further signs of weakness in US economic activity, especially a softening in the pace of employment growth, combined with commentary from the US Federal Reserve (Fed) suggesting it would likely continue scaling back its asset purchase program unless growth was markedly softer than expected.