The US Federal Reserve has opted to keep its benchmark interest rate steady with an outlook for potential rate cuts in the near future.

Despite stronger predicted economic growth in 2024, the Fed anticipates inflation will continue to exceed its 2% goal.

Following the Fed's rate decision, US stock indexes, including the Nasdaq Composite, S&P 500, and Dow Jones, achieved new intraday highs.

Micron Technology's stock surged due to better-than-expected performance and optimistic guidance driven by AI demand, boosting the semiconductor sector.

The S&P 500 set a new record high on March 21, 2024, after the Fed indicated it expects three rate reductions in 2024.

Japan's stock market closed higher, with the Nikkei Stock Average index increasing by 2.03%, buoyed by the Fed's announcement and gains in exporter stocks.

Reddit has announced its IPO on the New York Stock Exchange at a price of $34 per share.

Global stock markets have shown bullish trends, influenced by the Fed's interest rate stance and unexpected rate cut by the Swiss National Bank.

Upcoming economic indicators to monitor include South Korea's producer price index, Japan's consumer price index, and India's flash PMIs for March.