Investing: No rate cuts at March Fed meeting

The Federal Reserve again held interest rates steady in response to sticky inflation measures, said Jeff Cox in CNBC.com. Late last year, investors were bullish that the central bank’s “rate-cutting campaign would kick off in March” and would continue with six or seven additional interest-rate cuts this year. But recent inflation numbers suggest the Fed’s fight isn’t over, though three cuts this year still appear likely. Chairman Jerome Powell stuck this week to his recent messaging, “which has emphasized a patient, data-driven approach with no hurry to cut rates.”