The “Ides of March” did not bode well for Julius Caesar, and as for the stock market today- March 15th was fairly uneventful ahead of tomorrow’s statement from the Fed. The Federal Reserve began its two-day policy meeting today and speculation is that the F.O.M.C will leave short-term interest rates unchanged for now but according to foxbusiness.com:
“A rate hike is not too far off as long as the job market and inflation continue to improve. U.S. retail sales in January were weaker than thought, renewing worries over domestic growth prospects, even as the Bank of Japan offered a gloomier outlook for the world’s third-biggest economy without immediately adding to stimulus.”
Fed Chair Janet Yellen will discuss the results of the Fed’s two day policy session tomorrow afternoon at 2pm. Read more from CNN-Money.
Meantime, for many people in or near retired years, worrying about money is not good for overall health. It’s no secret that too much stress can be harmful. A recent survey by the American Psychological Association found money is a top cause of stress for Americans and a major source of conflict in their relationships. See more from CNBC below.
Here are the final numbers from Tuesday, 3/15/16 on Wall Street
Dow Jones Industrial Average: 17,251.53 (+22.40/ +0.13 %)
NASDAQ: 4,728.67 (-21.61 / -0.45 %)
S&P 500: 2,015.93 (-3.71/ -0.18 %)