The Federal Reserve's open market committee left open the possibility for an interest rate hike as early as June, ending its pledge to be "patient" in normalizing monetary policy while making clear that it needed to see more strength in the labor market and price growth, Renters reported on Mar. 19. After the meeting, the US dollar fell against most major currencies. "In the wake of the Fed's cautious words, the dollar clawed back much of the ground it lost on Wednesday (Mar. 18), after posting its biggest daily fall in 18 months," according to a report by Seeking Alpha... American Forest & Paper Association (AF&PA) pres/CEO Donna Harman this week supported bills introduced by-Sens.
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