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The Federal Reserve on Wednesday voted to hold its key interest rate steady as policymakers navigate their way through higher-than-expected inflation readings, mixed signs on the labor market – and a war.

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FILE PHOTO: U.S. Federal Reserve Chair Powell attends a press conference in Washington

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Federal Reserve Holds Interest Rates Steady, Still Projects One Rate Cut in 2026

President Donald Trump issued a 60-day waiver of a longstanding U.S. shipping law in an attempt to stabilize oil markets amid the Iran war, the White House confirmed to CNBC on Wednesday. The temporary suspension of the Jones Act “will allow vital resources like oil, natural gas, fertilizer, and coal to flow freely to U.S. ports for sixty days,” White House press secretary Karoline Leavitt said in a statement.

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Cubans brace for more hardship as US pressure on Venezuela chokes off oil

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Trump waives U.S. shipping law for 60 days, eases Venezuela oil sanctions to steady oil market

The U.S. military dropped multiple 5,000-pound deep-penetrator bombs on “hardened” Iranian anti-ship missile sites on Tuesday along the country’s coastline near the Strait of Hormuz. 



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U.S. pounds Hormuz Strait anti-ship missile sites with bunker-busters

The ​White House said on Wednesday ‌that China had agreed to postpone U.S. President Donald Trump'svisit to Beijing, ​originally scheduled in just two ​weeks. Spokeswoman Karoline Leavitt said that the ⁠White House was working to secure ​a new date for the ​visit as soon as possible.

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FILE PHOTO: U.S. President Donald Trump meets with Chinese President Xi Jinping on the sidelines of the APEC summit, in Busan

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White House says China agreed to postpone Trump's Beijing trip

Federal Reserve Chair Jerome Powell said he plans to stay at the central bank until after the Justice Department’s investigation is complete.


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FILE PHOTO: U.S. Federal Reserve Chair Powell holds a press conference, at the U.S. Federal Reserve in Washington

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Powell says no plans to leave Fed until DOJ investigation concludes

 U.S. Vice President JD Vance is planning to visit Hungary in the coming days in a show of support for the country's long-time nationalist prime ​minister Viktor Orban, who is facing a difficult election next month, two sources familiar ‌with the planning said on Wednesday. The trip would come after U.S. Secretary of State Marco Rubio traveled to Budapest in February to publicly back Orban ahead of his toughest re‑election fight since taking power in 2010. 

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US-POLITICS-TRUMP; Author: ANNABELLE GORDON / AFP via Getty Images; Getty Caption: US Vice President JD Vance speaks after US President Donald Trump signed an executive order on fraud in the Oval Office at the White House in Washington, DC, on March 16, …

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Vance plans Hungary visit in show of support for Orban ahead of tight election: Reuters

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