Powerball Jackpot Rises to $403M
The Fed will release the minutes of its latest meeting, which could signal a possible interest rate hike. Since Fed Chair Janet Yellen told Congress last week that a march interest rate hike was on the table, many have been looking for clues about whether the fed will actually make a move next month. Minutes from the Fed’s meeting earlier this month are due out tomorrow and could offer some hint of what we can expect in terms of rate hikes. Encouraging data last week increased the chances of fed action – including strong pickups in inflation and retail sales.
In other business news, the jackpot for the next Powerball drawing rose to $403 million after no one matched all six numbers this past Saturday.
The jackpot is one of the largest prizes ever offered for the game and is now at a level where many occasional players start buying tickets, which could help the jackpot rise even further as the drawing date approaches.