US EditionFed Expected to Hold Interest Rates Steady, Update Outlook Amid Iran War
Fed officials held rates at 3.5%-3.75% due to a 92,000 job loss in February and rising oil prices after Iran closed the Strait of Hormuz, causing energy market uncertainty.
- On Wednesday, the Federal Open Market Committee left the federal funds target at 3.5%-3.75%, with market indicators showing near-certain probability of a rate hold entering the meeting.
- Deteriorating job growth and pre‑conflict inflation readings framed policymakers' deliberations as U.S. employers cut 92,000 jobs in February and the February consumer price index released March 11 rose 2.4% year over year.
- The Iran energy shock added uncertainty as the Strait of Hormuz closure cut about 20% of global oil supply, pushing Brent to $102.58 on Tuesday.
- The Fed's quarterly projections, released today, show holding rates leaves mortgage, auto, and credit costs largely unchanged for American consumers, with Powell noting broad support for the hold.
- After this meeting, the FOMC reconvenes April 28-29 as Powell's term ends May 15 amid opposition from Sen. Thom Tillis over nominations.
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US Fed expected to hold rates steady as Iran war's shockwaves ripple
US Federal Reserve policymakers are expected to leave interest rates unchanged Wednesday, as the US-Israel war on Iran sends shock waves through oil markets and supply chains, while economic data has begun to show weakness.
Madrid. The Federal Reserve (Fed) and the European Central Bank (ECB) meet this week separately to decide on the course of interest rates in the first round of major central banks following the surge in energy prices following the conflict in Iran, a context that, together with forecasts of an increase in general inflation, points to the maintenance of percentages, analysts estimate.
The Fed is likely to hold rates steady with volatile oil prices and poor US jobs performance
Jerome Powell will lead his second-to-last Federal Reserve meeting as chair this week.Kevin Dietsch/Getty ImagesThe Federal Reserve will announce its March interest rate decision on Wednesday afternoon.It's likely the FOMC will hold rates steady, especially as the Iran war has sent oil markets into chaos.The Fed will also release its first economic projections of 2026.It's been a tumultuous few weeks for the US economy, and the Federal Reserve i…
The Federal Reserve (Fed) began yesterday its two-day meeting, where political leaders are expected to keep interest rates unchanged as they analyze the weak economic data and assess the economic effects of the war against Iran.The Federal Open Market Committee (FOMC), charged with setting interest rates, began its meeting yesterday at a time when the Fed is fighting stubbornly high inflation and weak demand on the labour market, with its two ma…
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diarioestrategia.clThe Federal Reserve (Fed) and the European Central Bank (ECB) meet this week to decide on the course of interest rates in the first round of major central banks following the surge in energy prices following the Iran conflict, a context that coupled with the forecasts of [...] The entry Analysts point out that Fed and ECB will keep rates at their first meeting after the Iran conflict first appears in Forbes Spain.
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