Most policymakers were optimistic over the economic outlook, and felt it would “soon be appropriate” to raise interest rates if the U.S. outlook remains intact. However, the lack of clarity offered on rate hike timings beyond June simply left most investors empty-handed.
Global equity markets have attempted to trade cautiously higher at the end of the week, as a combination of soft U.S. inflation figures, stronger commodity prices and slightly easing geopolitical tensions seems to have had a small impact on risk sentiment.
U.S stocks ended mixed on the news while oil prices fluctuated in each direction, as investors considered the potential negative ramifications of Trump’s decision. The U.S President adopted a very aggressive rhetoric during the announcement and failed to hold back from his view that the 2015 agreement was “defective” at its core.