Inflation concern: Year of rate hikes
An era ended for the world's money markets this February when Alan Greenspan ended his career at the top of the Federal Reserve and handed over charge to a much younger and supposedly less conservative, Ben Barnanke. However, as soon as he took over, Uncle Ben indicated that the Fed would stick to its anti-inflationary policies even if it meant hiking interest rates again. So as dollars fetched more interest in the US, rates started rising across the globe.
