Federal Reserve to announce interest rate decision today

The US Federal Reserve will announce its interest rate decision today, March 19. Many are eager to hear from Fed Chair Jerome Powell, especially regarding the possibility of a recession. His comments will come amid ongoing tariff discussions initiated by President Donald Trump. Recent reports suggest that the Federal Reserve may cut interest rates twice this year. Powell has taken a cautious approach, monitoring the effects of Trump's policies on the economy. Trump had previously expressed a desire for lower interest rates but has not commented much recently. On the stock market front, many US stocks showed gains this morning, particularly tech companies. The "Magnificent Seven" group, which includes major firms like Tesla and Nvidia, rebounded after prior declines. In contrast to Tuesday's downturn, investors were more optimistic ahead of the Fed's announcement. There is growing interest in Powell's comments about a potential recession. Trump had indicated that a recession could be a possibility, while Treasury Secretary Scott Bessent did not rule it out either. However, Powell had stated last month that the economy was not in a recession. The Federal Reserve's decision today is significant and will likely impact other central banks worldwide. If interest rates remain unchanged, it could offer reassurance to investors amid rising economic concerns.