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Fed holds; Powell to stay
According to Axios, “Fed keeps rates on hold, Powell says he will remain in place until successor confirmed”, the Fed left interest rates at 3.50–3.75% and Powell said he’ll serve as chair pro tem if no successor is confirmed, heightening political scrutiny around central-bank independence. [Axios](https://www.axios.com/2026/03/18/fed-powell-interest-rate)
CPI edges up
According to Reuters (via Investing.com), “US consumer inflation steady before Iran conflict drives up oil prices”, CPI rose 0.3% in February as gasoline and shelter costs climbed, raising inflation risks that could complicate the Fed’s path to rate cuts. [Investing.com](https://www.investing.com/news/economy-news/us-consumer-prices-increase-as-expected-in-february-4554505)
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