INTEL: FED RATES UNCHANGED



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INTEL: Fed keeps projections for one interest rate cut in 2026 and one in 2027

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INTEL: FEDERAL RESERVE DECISION SUMMARY

-The Fed kept interest rates unchanged for the second meeting in a row

-The Fed raised its 2026 inflation outlook, now forecasting PCE at 2.7%

-Officials flagged ongoing uncertainty around the situation in the Middle East

-Policymakers now expect just two total rate cuts one this year, one in 2027

-The decision passed 11-1, with Governor Miran the lone vote for a cut

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INTEL: Powell remarks

- Inflation remains somewhat elevated
-Implications of Middle East are uncertain
-Near-term higher energy prices will push up overall inflation
-Too soon to know scope and duration of effects on economy

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INTEL: Powell remarks

-If don't see inflation progress won't see the rate cut
-We just don't know what effects of energy rise will be
-Inflation overshoot is mainly from goods and tariffs
-Looking through oil prices depends on inflation expectations and the broader context of five years above target

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INTEL: Powell remarks

-If no Fed chair confirmed by end of my term I would serve as chair pro tem
-No intention of leaving Fed board until DOJ probe is over
-Have not made decision if will stay on board if DOJ probe is over

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INTEL: Powell remarks

-Vast majority of participants don't see hike as a base case, but we don't take things off the table
-This energy supply shock is a one time thing
-We have seen more supply shocks in the last five years than we've seen in many years before that

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INTEL: Powell press summary

-Implications of Middle East are uncertain
-There will be some effects on inflation coming forward
-Progress on tariffs inflation should be seen by middle of the year
-If we don't see inflation progress, won't see rate cut
-Would serve as chair pro-tem until successor confirmed, no intention of leaving Fed board until DOJ probe is over
-What happens in Middle East will be a big factor
-Energy shock may or may not make big imprint on economy
-Haven't started to see productivity effects from AI; recent productivity trend not because of AI
-Data center buildout probably is pushing inflation up
-Standard to look through an energy-price spike, but the context is important
-Economics effect could be bigger, they could be smaller, they could be much smaller or much bigger, we just don't know

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INTEL: US registers aliens(.)gov domain ahead of expected disclosure of information related to UFOs

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INTEL: SEC APPROVES NASDAQ RULE CHANGE TO ENABLE TOKENIZED SECURITIES TRADING

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INTEL: China has bought gold for 16 straight months, taking reserves to a record 2,309 tons worth about $371 billion



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INTEL: Bessent says the US may consider another Strategic Petroleum Reserve release to help keep oil prices down, despite reserves near record lows

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INTEL: US jobless claims fell to 205,000 for the week ending March 14, below the 215,000 estimate



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INTEL: US new home sales dropped 17.6% in January to 587,000, far below the 720,000 estimate

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INTEL: The US says it will not impose a ban on crude oil exports



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INTEL: SEC CHAIR PAUL ATKINS SAYS "CRYPTO MARKETS AND THE MILLIONS OF AMERICANS WHO PARTICIPATE IN THEM DESERVE LONG-OVERDUE CLARITY."

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INTEL: China says a "peaceful reunification" with Taiwan would solve Taiwan's energy crisis.

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INTEL: Super Micro co-founder Wally Liaw was arrested on charges of smuggling $2.5 billion in Nvidia servers to China

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INTEL: FBI and Thai police seized 8,000 phones and froze $580 million in crypto in a crackdown on scam compounds targeting Americans

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