After the Fed, the market spotlight turns on 2 events

Once the Fed meeting was over without any major surprises, gold prices and the benchmarks in Tokyo and Taipei followed the S&P 500 index, reaching historic highs.
The US central bank has indicated that it will maintain its plans for 3 interest rate cuts.
The US dollar fell slightly, while market participants are more convinced that a first decrease in the cost of money may come in June.
The continued strength of the labor market should not be a reason to hold off on lowering interest rates, the Federal Reserve chairman said at a news conference.
Furthermore, with key inflation data – the consumer price index and personal consumption spending – rising in both January and February, Powell believes there has been further evidence of the non-linear downward path of inflation.
inflation.
In this context, the markets were heartened today by the maintenance of 3 rate cuts.
The Japanese Nikkei closed with +2.08% and the Hang Seng with +2.06%.
Investors are already focused on 2 other events that can influence the stock markets and the financial outlook in the short term.
read also Fed meeting: rates remain unchanged and three cuts expected within year 1.
Bank of England meeting The Bank of England is likely to keep interest rates at 16-year highs at today's meeting, giving more time inflationary pressures to cool before easing monetary policy after the fastest tightening cycle in decades.
Gov.
Andrew Bailey opened the door to easing monetary policy later this year at his February meeting, but was more vague than the U.S.
Federal Reserve and the European Central Bank about when cost-cutting might begin some money.
Investors are betting that will happen in August, with at least one more cut before the end of the year.
2.
EU Council, all the issues to be resolved The leaders of the European Union will meet today, Thursday 21 March for the two-day meeting which sees crucial and complex issues on the agenda.
Among them is a plan to use billions of euros in profits from frozen Russian financial assets to buy weapons for Ukraine in a bid to support Kiev in its fight against Moscow's invasion.
read also How Russia is causing a long grain crisis in Europe The bloc's 27 national leaders will also discuss how Europe can do more to defend itself and strengthen its arms industry, reflecting fears that Russia may not stop to Ukraine and that the United States may not be so ready to intervene for the protection of the old continent in the future.
The two-day summit in Brussels will also include discussion of other issues, such as the war in Gaza, the prospect of opening EU accession negotiations with Bosnia and farmers' protests.