Barrons News Said Mortgage Rates Are Down Again

The Federal Reserve announces its latest interest-rate decision following a two-day meeting. According to Barrons News, the central bank is confronting banking-industry turbulence and still-high inflation. Fed officials will also release updated projections of interest rates, inflation, unemployment, and economic output, and Chair Jerome Powell will hold a news conference.

Barrons News

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The U.K.’s Office for National Statistics releases February inflation figures. Consumer prices rose 10.1% in January from a year earlier, a slower inflation rate than the previous month’s 10.5% rise.

Thursday
The Bank of England announces its latest monetary-policy decision. The central bank has signaled that it might pause interest-rate increases soon but that further rises are also possible if inflation threatens to be high for longer than expected.

The Labor Department reports the number of worker filings for unemployment benefits in the week ended March 18. Initial jobless claims fell in the prior week, showing the U.S. labor market remains strong.

The Commerce Department reports the number of new homes sold in February, which make up about 10% of the housing market, said WSJ Print Edition.

Japan’s statistics agency releases February inflation figures. Core consumer prices rose 4.2% in January from a year earlier, the fastest since September 1981. Japan defines core prices as all prices excluding fresh food.

Friday

S&P Global releases March business-activity surveys of purchasing managers from around the world. The February surveys showed activity improved in China, the U.S., and the eurozone.