By Paul Eitelman
As expected, the U.S. Federal Reserve (the Fed) left interest rates unchanged at the conclusion of today's policy meeting, once again emphasizing a patient approach to monetary policy in the months ahead.
No one should be surprised by this. After all, following Chair Jerome Powell's pivotal speech on January 4, every Federal Open Market Committee (FOMC) participant has advocated for a pause in the tightening cycle. The January FOMC meeting confirmed this dovish shift, and March's meeting, which wrapped up today, simply quantified what we already knew - with an update to