Fed Leaves Rates Unchanged, Sounds Hawkish Note on March
Summary
The U.S. Federal Reserve kept its benchmark fed funds rate unchanged at 5.25%-5.50%. The Fed signaled it's not yet ready to cut rates, impacting market expectations. Bitcoin remained stable at $43,500 post-announcement. The S&P 500 and Nasdaq were down 1% and 1.5% respectively. Democratic Senators urged Fed Chair Jerome Powell to cut rates, and Powell's press conference is scheduled for 2:30 pm ET.
