From Yahoo Finance: 2025-03-28 06:46:00

The Federal Reserve held its fed funds target steady at 4.25%-4.50% for the second consecutive meeting, expressing increased uncertainty in the economic outlook. Stocks have been volatile in response to policy signals from Washington, with the market down 3.9% for March and various sectors showing mixed performance.

Despite a decline in the S&P 500 for the year, Energy leads the sector performance with an 8% gain, followed by Healthcare and Utilities. The market has seen a rotation towards defensive and cyclical sectors, with traditional leaders like IT and Consumer Discretionary posting declines due to inflation concerns and tariff uncertainty.

The advance report of first-quarter 2025 GDP is anticipated to show a decline, with GDP forecasts currently indicating a negative 1.8% growth for the quarter. Businesses are reacting to tariff threats by pre-ordering goods, leading to an imbalanced net export-import reading. Retail data also suggests consumer caution, with modest month-over-month sales growth.

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