‘Something Quite Extraordinary’ About Federal Reserve’s Tone in March: Investment Expert

Published on March 21, 2024

Despite expectations of a more hawkish stance, the Federal Reserve’s policy-setting arm, the Federal Open Market Committee (FOMC), concluded its two-day meeting on Wednesday by signaling a cautious approach, which experts described as surprising and “extraordinary.” The FOMC kept interest rates in their current range of 5.25–5.5 percent, with no cuts or raises, and sent the benchmark S&P 500 stock index to close at an all-time high of 5,224. Not only were rates held steady, but the meeting and accompanying statement indicated that the Fed is closely monitoring economic data before making significant policy changes. Officials are waiting to have more confidence that inflation “is moving sustainably down” before considering modifications to interest rates, they added....

Continue reading on website
Other news

CCP Investing in Weapons to Exploit US Vulnerabilities: US Admiral

March 21, 2024
China’s communist regime is investing in military technologies that it believes will be capable of exploiting vulnerabilities in U.S. defenses, according to the top military commander in the Indo-Pacific.That effort is part of a plan by the Chinese Communist Party (CCP) to assimilate Taiwan and displace the United States as the world’s leading superpower, according to Adm. John Aquilino, commander

Not ‘Ideal’ for Liberal MP to Criticize RCMP’s Probe Into Chinese Interference, Says Public Safety Minister

March 21, 2024
Public Safety Minister Dominic LeBlanc says a Liberal colleague should not have criticized the work of the RCMP as it investigates organizations alleged to have doubled as secret Chinese police stations in the Montreal area.“It’s not an appropriate or ideal circumstance to have MPs from the government, or from the opposition, to offer comments while there’s an investigation under way,” said Mr. Le