The Federal Open Market Committee (FOMC) will wrap up its two-day meeting today and announce its monetary policy decision. Federal Reserve Chair Jerome Powell will hold a press conference addressing the decision. Yahoo Finance Fed Reporter Jennifer Schonberger joins the Live show to break down the key developments investors need to watch during the March Fed decision. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
The Federal Open Market Committee (FOMC) will wrap up its two-day meeting today and announce its monetary policy decision. Federal Reserve Chair Jerome Powell will hold a press conference addressing the decision.
Yahoo Finance Fed Reporter Jennifer Schonberger joins the Live show to break down the key developments investors need to watch during the March Fed decision.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Nicholas Jacobino
The Wall Street Journal
0431 GMT – Xiaomi could outperform its rivals in the smartphone market this year, Citi analysts write in a note. Citi likes the Xiaomi’s growth in the sector in 4Q and is upbeat about its prospects for market-share expansion overseas. With Xiaomi’s internet segment slowly recovering, its gross profit margin will likely to be controlled this year.
The Wall Street Journal
0809 GMT – Prudential PLC posted a pleasing set of results in the context of recent stock underperformance, J.P.Morgan says in a note after the insurance-and-investment company’s 2023 print. The group also backed its dividend growth target of 7% to 9% a year over 2023 and 2024. “Prudential has a clear commitment in the near term to continue investing $1 billion in its business, but we believe could consider a stronger dividend growth rate in FY25 and beyond,” analysts add.
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