U.S. Fed Raising Interest Rates

The US Federal Reserve has raised interest rates by a quarter-point amid concerns over high inflation and banking turmoil [1][2][5]. This move is part of the Federal Reserve's yearlong fight against high inflation [2][6], which has resulted in interest rates reaching the highest level since 2007 [7]. Despite concerns over banking turmoil and the possibility of a credit crunch leading to a recession, the Federal Reserve has signaled that it may soon call time on its monetary tightening campaign [5]. Market pricing and many Wall Street experts have suggested that the Federal Reserve is likely to approve a quarter-percentage-point interest rate increase in the near future, even amid the recent banking turmoil and uncertainty ahead [9].

Some Financial Events and News That May Be of Interest

Some recent financial events and news that may be of interest:

1.    The US Federal Reserve recently raised interest rates by a quarter-point despite banking turmoil. [5] 

2. Cover Whale, an insurance technology company, recently partnered with TrustedChoice.com, giving insurers access to a marketplace of more than 240,000 independent agents. [8] 

3. Six significant financial tasks that individuals should complete by the end of the fiscal year, March 31. [9]

The Donald Trump Indictment

According to multiple sources, a Manhattan grand jury has indicted former President Donald Trump [1][2][3][4]. This marks the first time in American history that a current or former president has been indicted by a grand jury [1]. The indictment is in connection with payments made during Trump's 2016 presidential campaign to silence claims of extramarital affairs, including the payment to the porn actress Stormy Daniels, according to sources [5][6][9]. The grand jury's indictment is expected to be unsealed in the coming days, and the exact charges are not yet publicly known [9]. The indictment was confirmed by both prosecutors and defense lawyers [1][8]. This indictment is just one of many legal problems that Donald Trump is facing, stretching from Georgia to Mar-a-Lago [5]. It remains to be seen what the consequences of this indictment will be for the former president, but it is a significant development in ongoing legal proceedings against him [3][4][6].

Financial News And Events To Expect This Week

1. The Federal Reserve is expected to raise interest rates by a quarter point on Wednesday, March 29th. However, it must also reassure markets that it can stem a worse banking crisis [3]. 2. We'll receive the latest updates on home prices with the Case-Shiller National Home Price Index and the FHFA House Price Index (HPI) for January [2]. 3. Some S&P 500 companies reported earnings this week, and two of them beat consensus EPS expectations [8]. 4. Market indices look to give back their gains made earlier in the week [4]. 5. It was reported that nearly $100 billion in deposits were pulled from banks, but officials call the system "sound and resilient" [1]. 6. Overall, it's a mixed week for financial news with updates on home prices, earnings reports, and interest rates. However, the banking system is said to be sound and resilient despite the pullback of deposits from banks.