The European Central Bank has decided to keep interest rates unchanged for the fifth consecutive meeting, setting the table for a potential first rate cut in June as Europe's economy and inflation have sharply slowed.

Jennifer Schonberger discusses:

Atlanta Fed Pres Raphael Bostic tells me he still expects 1 rate cut this yr, but isn't ruling out the possibility of 2 or zero depending on the direction of the economy & inflation. “At this point, I think it's one. But as months pass, I may move to two or I might move to zero”

Tune in to Yahoo Finance this afternoon around 3:15p for my exclusive interview with Atlanta Fed President Raphael Bostic!

Labor Sec Su paints a strong outlook for the job market and economy in my interview

Powell making a strong stand the Fed will maintain its independence during an election year & that the Fed's analysis is free frm any “personal or political bias”- Says Fed independence enables & requires Fed to make policy decisions wo consideration of ST political matters

Federal Reserve Chair Jay Powell today doubling down on his belief that the overall inflation picture hasn’t changed materially and that officials expect to lower rates at “some point” this year.

Cleveland Fed Pres Loretta Mester just told reporters she wouldn't rule out a rate cut in June

Fed Chair Powell said PCE inflation released today is 'along the lines of what we want to see,' and stuck to an assertion inflation is still on a 'bumpy path' to the central bank's goal of 2%. Seemingly keeps Fed on track for rate cuts this year.

tinyurl.com/57btm7f8

.Jennifer Schonberger gives the details of Sam Bankman-Fried's 25-year sentence for defrauding his customers, investors, and lenders.

My exclusive with Chicago Fed Pres Austan Goolsbee- he shares Fed Chair Powell's view that the trend for inflation hasn't changed the overall picture -- sees three rate cuts this year.

Tune into Yahoo Finance LIVE at 905 for my EXCLUSIVE with Chicago Fed Pres. Austan Goolsbee!

Thanks for the q Chair Powell

The Federal Reserve holds rates steady in the range of 5.25-5.5% at today’s policy meeting.

Jennifer Schonberger reports:

Powell says he believes appropriate to begin dialing back accommodation “at some point” this year. Notice he didn't say 'later'

Here's what to watch this afternoon from the Fed meeting:

As Fed officials commence their 2 day policy meeting today, a discussion on how to taper the balance sheet runoff will be a prominent part. My primer:

Jim Bullard, fmr pres of St Louis Fed & now Dean of Purdue B School, tells me PPI is a bit hotter, but prob doesn’t change the outlook for the rest of the year much. While he said it’s tough to move w inflation zigging & zagging he thinks there’s enough data to cut right now

President Biden has unveiled his latest budget proposal for fiscal year 2025.

The $7.3 trillion bill will increase federal spending on everything from housing to childcare [at the same time] raising taxes on corporations and the wealthiest Americans.

Jennifer Schonberger reports:

On jobs day & International Women’s Day, Acting Labor Secretary Su told me if the US invested in childcare 5M more women would enter the workforce. Costing the economy 775B in GDP each year

SEC Chair Gary Gensler discusses the new SEC climate disclosure rule with Jennifer Schonberger: 'Investors have asked for and needed this information in their investment decisions.'