Behind the Curtain: The FOMC Meeting in Review March 2024

The Federal Reserve (Fed) held rates steady in March and maintained the forecast for three cuts in 2024. The decision did not surprise investors as markets had priced in no rate move in March.

US central bank officials reiterated that their approach to rate cuts has been supported by the continued strength of the economy. Higher-than-expected inflation data at the beginning of 2024 prompted caution from the Fed.