Market View: Is the Fed targeting the right indicators by prioritising jobs over inflation pressures?

Your Way Home with Hongbin Jeong · Mar 31, 2026 · 12m

Global sentiment saw some improvement as US futures turned positive, following reassuring comments from Donald Trump and Jerome Powell. Volatility remains a key theme, with the CBOE Volatility Index climbing above 30 and rising sharply this month. The move signals elevated fear and rapid risk repricing, raising questions on whether this spike is temporary or the start of more sustained market stress. On oil, talk of prices potentially reaching $200, while not a base case, highlights the risks ahead. Such a scenario would likely push inflation higher, pressure growth, and add further…