P.M. Edition for Mar. 19. The Federal Reserve held interest rates steady, as expected, continuing its wait-and-see posture. WSJ chief economics commentator Greg Ip joins to discuss the central bank’s outlook for the quarter. Plus, the Journal’s chief China correspondent Lingling Wei explains why Chinese leader Xi Jinping is angry with Hong Kong-based CK Hutchison’s deal to sell ports on either side of the Panama Canal to U.S. investors. And Ukrainian President Volodymyr Zelensky agreed to a partial cease-fire with Russia on a phone call with President Trump. Alex Ossola hosts.

Building Influence: China’s Global Infrastructure Bet

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