Fed Slows Rate Hike Forecast As expected, the Fed did not change the federal funds rate at their March meeting.
Rates Remain Low on News of ECB Stimulus The European Central Bank (ECB) added to its stimulus program to help boost economic growth and raise inflation. The actions included cutting key interest rates and increasing the size of its asset purchase program.
Strong Job Gains, Wages Stagnant Friday’s Employment report showed that job gains remained strong, with the economy adding 242K jobs in February.
Rates Up on Strong Economic Data The Core PCE price index is the monthly inflation indicator preferred by the Fed, and the readings for January showed that inflation is rising more quickly than expected.