Day: March 18, 2026
Here are the five key takeaways from this week’s Fed meeting
Key Points Federal Reserve policymakers kept their key interest rate at a range of 3.5% to 3.75% at the conclusion of their March meeting. At his press conference, Fed Chair Jerome Powell faced questions about the oil price shock since the Iran war. The Fed’s dot plot suggests a rate cut could be in the […]
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How China is getting everyone on OpenClaw, from gear heads to grandmas
China is making a big push for widespread adoption of artificial intelligence, and the nation’s tech powerhouses are holding public events to help everyday people get OpenClaw, the viral personal digital assistant. “It seems everyone around me – my colleagues and friends — has it,” new user Gong Sheng said as he waited to get […]
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Micron revenue almost triples, tops estimates as demand for memory soars
Micron CEO Sanjay Mehrotra speaks at a groundbreaking ceremony for the company’s semiconductor manufacturing facility in Clay, New York, on Jan. 16, 2026. Heather Ainsworth | Bloomberg | Getty Images Micron said revenue almost tripled in the latest quarter as results topped analysts’ estimates. Here’s how the company did relative to LSEG consensus: Earnings per […]
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Analysis: The Fed’s Powell just delivered a new blow to Warsh’s plans for swift rate cuts
US Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Market Committee meeting at the Federal Reserve Board Building in Washington, DC, on March 18, 2026. Brendan Smialowski | AFP | Getty Images Federal Reserve chair nominee Kevin Warsh wants to lower interest rates. Fed officials signaled Wednesday that it […]
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Dow tumbles 600 points to session low as inflation fears hurt stocks: Live updates
A television station broadcasts the Federal Reserve’s decision to hold rates after a Federal Open Market Committee (FOMC) meeting on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, March 18, 2026. Michael Nagle | Bloomberg | Getty Images Stocks sold off on Wednesday after new U.S. economic data […]
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Powell says he will stay on as head of the Fed until Warsh is confirmed
US Federal Reserve Chair Jerome Powell speaks during a press conference at the Federal Reserve Board Building in Washington, DC, on Jan. 28, 2026. Saul Loeb | AFP | Getty Images Federal Reserve Chair Jerome Powell says he will keep serving as head of the central bank if his nominated successor, Kevin Warsh, is not […]
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Fed still expects to cut rates once this year despite spiking oil prices
Key Points The Federal Reserve’s so-called dot plot showed a median estimate of 3.4% for the federal funds rate at the end of 2026, the same as what it had projected at the end of last year. However, a closer look at the overall dot plot showed the balance of projections moved toward fewer reductions. […]
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Fed votes to hold rates steady, notes ‘uncertain’ impacts from Iran war
WASHINGTON – The Federal Reserve on Wednesday voted to hold its key interest rate steady as policymakers navigate their way through higher-than-expected inflation readings, mixed signs on the labor market – and a war. In a widely expected decision, the Federal Open Market Committee voted 11-1 to keep the benchmark federal funds rate anchored in […]
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Amazon says U.S. Postal Service ‘walked away at the eleventh hour’ in negotiations
An amazon worker unloads packages on November 29, 2024 in New York City. David Dee Delgado | Getty Images Amazon on Wednesday addressed its business relationship with the U.S. Postal Service, saying in a blog post that recent contract renewal negotiations with the carrier fell apart in December when it “abruptly walked away at the […]
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Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in January. Text removed from the January statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements. […]
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