Federal Reserve Chairman Jerome Powell, at his first press conference as the head of the central bank, announced a hike in interest rates. Tighter monetary policy was widely expected. What was surprising was Powell’s comments on the value of the Treasury yield curve as a tool for predicting the next US recession.
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Congress unveils $1.3 trillion budget that’ll keep gov’t open till Sep: CNN
Trump moving ahead on Chinese tariffs, raising trade-war risk: LA Times
A list of most-vulnerable US targets in a trade war with China: Bloomberg
Federal Reserve raises target interest rate to 1.5%-to-1.75% range: CNBC
Fed raises 2018’s GDP growth estimate to 2.7%  and 2.4% for 2019: Fed Reserve
Chinese paper: China should prepare for military action over Taiwan: Reuters
Over 40 African nations sign free-trade pact: NY Times
Sales of existing US homes rose 3% in February: USA Today
US current account widens more than expected in Q4: Reuters
S&P 500 ticks down to lowest close since Mar 2 after Fed rate hike: