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

Despite expectations of a more aggressive approach, the Federal Reserve’s plan- setting arm, the Federal Open Market Committee ( FOMC), concluded its two- day meeting on Wednesday by signaling a careful approach, which experts described as amazing and “extraordinary”.
The FOMC kept interest rates in their latest range of 5.25–5.5 cent, with no cuts or raises, and sent the standard S&amp, P 500 share index to shut at an all- time high of 5, 224.
The meeting and accompanying statement demonstrated that the Fed is carefully monitoring financial data before making major policy changes, not only were rates kept at a steady, but they also provided evidence that the Fed was making significant changes. Before considering changes to interest rates, they continued, adding that officials are awaiting more assurance that prices “is moving effectively over.”

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