Investors almost unanimously expect that policymakers will stand pat on interest rates once again at the conclusion of its March meeting, keeping the target rate at 5.25%-5.50%. This time, the Federal Reserve’s so-called “dot plot” will figure prominently, as traders try and tease out the path for rate cuts in 2024. The central bank will announce its formal decision and the rate-setting panel’s statement at 2 p.m. ET, followed by a press conference from Fed Chair Jerome Powell at 2:30 p.m.
Read the full article here
