‘Making Money’ panelists Michelle Girard and Chris Low break down the February Jobs report, the impact on the energy prices from the Middle East crisis and the outlook for the Fed.
This is a developing story about the Federal Reserve’s March interest rate cut decision. Please check back for updates.
The Federal Reserve on Wednesday announced it will leave interest rates unchanged, amid a softening labor market and growing uncertainty over the war in Iran.
Fed policymakers voted to leave the benchmark federal funds rate unchanged at its current range of 3.5% to 3.75%. The move follows the central bank’s decision to hold rates steady in January after three successive 25-basis-point rate cuts in September, October and December to close out last year.
Economic data showing a slowdown in the labor market, inflation continuing to run hotter than the Fed’s 2% target and the unrest in Iran prompted policymakers to continue to pause rate cuts.
