“Fed Signals Patience as Inflation Proves Stickier Than Expected”
The Wealth of Nations · Adam Smith · 1776
“The natural price is the central price, to which the prices of all commodities are continually gravitating…”
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Markets
Fed Signals Patience as Inflation Proves Stickier Than Expected
The Federal Reserve held its benchmark rate steady for the sixth consecutive meeting, acknowledging that progress toward its 2% inflation target has slowed. Chair Powell emphasized a data-dependent approach while markets recalibrated expectations for the first cut.
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From the Library
Living Book81 chapters · 47 sessions this week
Tao Te Ching
Laozi · Taoist tradition · 6th century BC
The foundational text of Taoist philosophy, rendered as a living conversation. Ask about wu wei, the nature of the Tao, or explore any of the 81 chapters in dialogue.
81 chapters indexed
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On This Day — March 19
In 1610, Johannes Kepler published Astronomia Nova, introducing his first two laws of planetary motion and forever changing our understanding of celestial mechanics.