Morning Report: Federal reserve faces a balancing act

The Federal Reserve finds itself in a delicate position as it aims to reassure investors about the economy’s stability while remaining ready to intervene if necessary.

(LILAMAX)-The Federal Reserve finds itself in a delicate position as it aims to reassure investors about the economy’s stability while remaining ready to intervene if necessary. With economic conditions still uncertain, central bankers are expected to keep interest rates unchanged during their meeting today and tomorrow, opting to wait for clearer economic signals before making any moves.

Fast-fashion retailer Forever 21 has filed for bankruptcy protection for the second time and is set to close all of its U.S. stores. The company blames rising competition from Chinese online retailers Temu and Shein, which have dominated the affordable fashion market. Going-out-of-business sales have already begun at more than 350 locations across the country.

Stocks closed higher on Monday, with markets seeing a relatively quiet day on the tariff front. However, retail sales rose less than expected in February, suggesting that consumers are tightening their spending amid economic uncertainty.

A news study from Zoe Financial and Talker Research reveals that 53% of Americans feel “financially frozen”, describing themselves as stuck, overwhelmed, or unsure about managing their money. The biggest financial concerns among respondents include paying for necessities and sticking to a monthly budget as economic pressures weigh on households.

Coffeehouses are the hottest new first-date trend. According to a New York Post report, daters prefer the relaxed, low-pressure atmosphere of a coffee shop, making it an ideal setting for a casual meet-up. Some even use coffee dates as a strategy to weed out those looking for a free meal rather than a genuine connection.