Our PureVest Weekly Roundup looked at the news from the Fed’s latest meeting.  They held rates steady but still see two cuts in 2025.  Powell thinks any negative impact from potential tariffs will be “transitory”… Although he doesn’t have the best record when it comes to using the word “transitory,” we will see how this plays out.  Until now, tariff talk has more or less been a negotiating tactic and hasn’t hit our economic data.  NVIDIA had its annual developers conference, touting the long runway ahead of AI spending.  All MAG 7 stocks are now in correction territory; this is healthy after a strong 24 months of performance.  We wrapped it up with some March Madness news, predictions, and facts. Enjoy the light reading, and have a great weekend.

Markets & Economy: ‘Transitory’ is back as the Fed doesn’t expect tariffs to have long-lasting inflation impacts source:cnbc.com Fed holds interest rates steady, still sees two cuts coming this year source:www.cnbc.com Boston Celtics sold for $6.1 billion, a record for a U.S. sports team source:www.cnbc.com Nvidia stock rises as GTC leaves Wall Street analysts ‘comfortable with long term AI demand’ source:www.finance.yahoo.com Meta Becomes Final Magnificent 7 Stock to Turn Negative in 2025 source:finance.yahoo.com US Housing Market Gets ‘Encouraging Sign’ source:newsweek.com Just For Fun: 2025 NCAA expert brackets: March Madness 2025 tournament picks, Cinderella teams, and Big Dance upsets source:cbssports.com 2025 March Madness Stats & Facts source:wallethub.com