NYSE Content advisory: Pre-Market update + Federal Reserve updates its forecast

NEW YORK, March 20, 2025 /CNW/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. 

Kristen Scholer delivers the pre-market update on March 20th

• Stocks moved between gains and losses in the wake of the Federal Reserve's interest rate decision and updated economic forecast yesterday.
• The Fed kept rates unchanged and lowered its GDP growth forecast for the year to 1.7 percent and upped its inflation projection to 2.8 percent.
• Fed Chair Jerome Powell noted that the central bank isn't in a hurry to cut rates further while adding that an inflationary impact from tariffs is perceived as transitory for now.

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SOURCE New York Stock Exchange