💬 Quoted… “[The latest data] haven’t really changed the overall story, which is that of inflation moving down gradually on a sometimes-bumpy road toward 2%.”

• In a decision published yesterday, the Federal Reserve opted to keep baseline US interest rates steady for the fifth straight time, with the current range of 5.25%-5.5% representing a 23-year high. Fed Chair Jerome Powell said the recent uptick in inflation readings for January and February hasn’t altered the central bank’s projection that it will cut interest rates a total of three times in 2024. A majority of economists currently project the Fed will implement the first rate cut following its June 11-12 meeting.

💰🏙️ Stat of the Day: The median income needed to live “comfortably” as a single person across 99 of the largest metro areas in America is $93,933, per a recent analysis from SmartAsset. A “comfortable” life is defined as having enough income to cover a 50/30/20 budget split between necessities like housing and food (50%), discretionary spending (30%), and savings (20%).

🤔 Did You Know?... Before oranges (the fruit) were introduced to Europe from Asia in the 15th century, the color orange existed in Europe, but without the name – it was simply called “yellow-red.”

📰 Worth a Read: Roads That Charge While You Drive: Can This Fuel a Future for EVs? → (WSJ)