The central bank’s so-called dot plot showed a median estimate of 3.4% for the federal funds rate, the same as at the end of last year.
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in January.
Stocks making the biggest moves midday: Williams-Sonoma, Micron, Macy’s, SL Green & more
These are the stocks posting the largest moves midday.
JPMorgan Chase taps Dwyane Wade, Tom Brady for new athlete wealth management push
JPMorgan’s move reflects growing competition among banks and wealth managers to serve athletes, who are increasingly becoming entrepreneurs and investors.
Expectations for the next Fed rate cut get pushed back after hot inflation report
Futures markets took any realistic chance of a cut off the table until at least December.
Wholesale prices rose 0.7% in February, much more than expected and up 3.4% annually
Wholesale prices rose sharply in February, providing another sign that inflation continues to percolate even aside from rising energy prices.
Washington state’s millionaire marriage tax penalty: Here’s what to know
Washington state’s new millionaire tax has a surprise if you are married. CNBC’s Robert Frank joins ‘Squawk Box’ with the details.
Stocks making the biggest moves premarket: Nvidia, Micron Technology, Macy’s and more
These are the stocks posting the largest moves in premarket trading.
Bain Capital taps buyer interest for Bridge Data Centres, offering up to 70% stake, sources say
Bain’s potential sale of its stake in Bridge Data Centres comes amid a dealmaking frenzy in the sector, buoyed by surging demand for AI compute capacity.
The Fed issues its latest interest rate decision Wednesday. Here’s what to expect
The Federal Reserve has little choice but to stay on the sidelines this week.