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- The U.S. Federal Reserve held its benchmark overnight interest rate steady in the 5.25%-5.50% range at its March 19-20 policy meeting, and officials continued to anticipate approving three quarter-percentage-point rate cuts by the end of 2024.
U.S. firms added a larger-than-expected 303,000 jobs in February, and employment gains in the previous two months were revised up by 22,000. The unemployment rate fell unexpectedly to 3.8%, marking the 26th straight month below 4% - the longest such run since the 1960s - and prompting Richmond Fed President Thomas Barkin to remark:"That's a quite-strong jobs report."
The number fell in the most recent release, for February, as the number of people seeking work rose, pushing up the unemployment rate.INFLATION :
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