The Fed held policy rates steady at its March meeting, in line with expectations. Chair Jerome Powell highlighted jobs and inflation dynamics, noted oil price developments, and referenced potential productivity gains from AI. The message was data-dependent with no immediate policy change, so market moves are likely muted given the lack of surprise.
The Fed held policy rates steady at its March meeting, in line with expectations. Chair Jerome Powell highlighted jobs and inflation dynamics, noted oil price developments, and referenced potential productivity gains from AI. The message was data-dependent with no immediate policy change, so market moves are likely muted given the lack of surprise.
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