Overnight, the Federal Reserve maintained interest rates as anticipated, while announcing significant policy adjustments. According to the FOMC statement, beginning April 1st, the Fed will slow its balance sheet reduction pace, decreasing Treasury securities reduction limits from $25 billion/month to $5 billion/month, while maintaining the MBS reduction cap at $35 billion/month. The committee noted increased economic uncertainty but still forecasts two interest rate cuts this year, totaling 50 basis points altogether.Benchmark Rate Unchanged, Balance Sheet Reduction Slowed, Two Rate Cuts - All Within ExpectationsFed Chairman Powell broke new ground in the press conference by addressing tariffs for the first time, acknowledging that Trump's policies are impacting the economy. He emphasized