- Bank of America sums up the current financial markets situation as 'like watching a mad donkey thrashing around in a field bouncing off all the fences'.
- US Federal Reserve Chair Jay Powell acknowledges the unseasonably warm weather in January had a role in reversing trends seen in economic data.
- US economy added over half a million jobs in January and 311,000 in February.
- Ken Griffin's Citadel hedge fund has amassed a 20-strong team of scientists and analysts to make weather forecasts and made an estimated $8bn out of bets on gas and power markets in 2022.
- US provincial bank Silicon Valley Bank closed due to losses related to US Treasury bonds and other bank stocks sold off in reaction.
The weather turns for markets
Impact of changing conditions on inflation and energy prices underlines investors’ skittish mood
Katie Martin
