"The Federal Reserve is still in a position with inflation being too high despite the banking situation. The U.K.'s February inflation reading was 1.1% for the month and it was also 1% in France. It is too early to be sure that global central banks are done. The Swiss National Bank raised interest rates by 50BPS just days after Credit Suisse engulfed Europe into financial turmoil," says Jeffrey Kleintop.
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