March FOMC Meeting: Policy On Hold, Uncertainty Front And Center

Principal Financial Group1.22K FollowersFollow5ShareSavePlay(7min)CommentsSummaryAt its March meeting, the Federal Open Market Committee (FOMC) left the target range for the federal funds rate unchanged at 3.50%-3.75% for a second consecutive meeting.As well as emphasizing the uncertainty surrounding the Middle East conflict, Powell reiterated that it is standard practice for the Fed to look through energy price spikes.Beyond energy, Powell placed clear emphasis on tariffs as a source of upward pressure on core goods inflation. niphon/iStock via Getty Images By Seema Shah, Chief Global Strategist At its March meeting, the Federal Open Market Committee (FOMC) left the target range for the federal funds rate unchanged at 3.50%-3.75% for a second consecutive meeting. There was a single dissent in favorThis article was written byPrincipal Financial Group1.22K FollowersFollowThe Principal Financial Group (The Principal®) is a global investment management leader offering retirement services, insurance solutions and asset management. The Principal offers businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through its diverse family of financial services companies. Founded in 1879 and a member of the FORTUNE 500®, the Principal Financial Group has $519.3 billion in assets under management1 and serves some 19.7 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States.

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