Russia and Ukraine trade strikes and Fed unlikely to change interest rate: Morning Rundown
Russia and Ukraine trade strikes. Fed's anticipated interest rate decision amid market turmoil. Do judges have too much power? SEC dominates March Madness.
Russia and Ukraine exchange strikes after Putin declines to agree to Trump’s ceasefire proposal. The Federal Reserve will release its first interest rate decision since Trump’s policies took effect. And a college sports conference known for its football prowess is taking March Madness by storm.
Here’s what to know today.
Russia and Ukraine accused each other of air attacks on civilian targets and infrastructure, less than 24 hours after President Vladimir Putin told President Donald Trump that he would halt attacks on Ukraine’s energy system for 30 days.
Damaged residential buildings at the site of a Russian drone strike in the town of Hostomel, outside Kyiv on March 19, 2025.Alina Smutko / ReutersIn a long phone call, Putin declined to endorse to a 30-day ceasefire endorsed by Trump and later accepted by Ukrainian President Volodymyr Zelenskyy. But according to a Kremlin readout of their conversation on Tuesday, Putin did agree “to mutually refrain from strikes on energy infrastructure for 30 days,” which differed slightly from Trump’s post on Truth Social and a White House readout which said Russia had agreed to an “energy and infrastructure” ceasefire.
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