Market Update: Neutral Fed, intervening Japan, recovering Europe

April has been about many things. In the United States, it was about inflation surprising to the upside and investors pricing out rate cuts from the Fed. In Asia, it was about a strong dollar leading central banks to verbally or physically intervene in FX markets to prop up demand for their own currencies. And in Europe, it was about confirming the bottoming of economic activity. In this week's Market Update, hear from Boris Kovacevic as we discuss how Jerome Powell failed to promote a hawkish narrative despite inflation remaining elevated and how the strong dollar is more a problem in Asia than it is in Europe.