Unless a specific public or regional holiday is declared, banks typically remain open on the first, third and fifth Saturdays of each month.

This year, Ugadi is being celebrated on Thursday, March 19, and will start the Telugu Shaka Samvat 1948, the traditional Telugu calendar year.

The U.S. central bank is widely expected to hold interest rates steady as officials assess the economic fallout from the war with Iran.

Jerome H. Powell, the chair, said he would stay at the Fed until a successor is in place and a federal investigation is concluded.