The U.S. Federal Reserve held the benchmark interest rate steady in the 5.25% to 5.5% range at its March policy meeting, and officials continued to anticipate approving three quarter-point interest rate cuts by the end of 2024. Before policymakers begin to ease borrowing costs they say they want to see more data confirming that inflation is returning to their 2% target. , which the Fed uses to set its 2% inflation target, increased at a 2.5% annual rate in February, up from the 2.4% rate seen in January.
The stock market impressed but Friday's inflation data was sticky. Nvidia peer and AI chip IPO Astera Labs could be starting a base.
One media report got completely the wrong end of the stick when Pete Wicks was pictured with his mum at an event.