US EditionUS Fed holds interest rates steady amid Iran war inflation fears
Fed officials warned that higher oil prices from the Iran war are worsening the inflation outlook as Brent crude neared $120 a barrel.
- On Wednesday, the Federal Reserve held interest rates steady within the range of 3.5 to 3.75 per cent, marking the third consecutive meeting with unchanged rates amid inflation concerns driven by the Iran war.
- President Donald Trump warned the US Navy could extend its blockade of the Strait of Hormuz, propelling oil prices upward; Brent crude neared $120 a barrel, up about 50 per cent since February 28.
- The Senate banking committee voted 13-11 on Wednesday to advance Kevin Warsh's nomination as Fed chair, with this week's gathering marking Jerome Powell's final meeting as the central bank's leader.
- Mirroring the Fed's decision, the Central Bank of the UAE kept its base rate unchanged at 3.65 per cent, while traders anticipate the Fed will remain on hold until next year according to CME Group data.
- "Developments in the Middle East are contributing to a high level of uncertainty about the economic outlook," the Fed said, as Powell described the labour market as a "zero-employment growth equilibrium.
26 Articles
26 Articles
Fed Holds Interest Rates Steady: What It Means for Your Social Security COLA
The post Fed Holds Interest Rates Steady: What It Means for Your Social Security COLA appeared first on 24/7 Wall St.. Quick Read The Fed paused interest rate cuts at its April meeting. Social Security COLAs are based on inflation and are not directly affected by Fed rate cuts or hikes. The Fed’s decision could indirectly affect the upcoming Social Security raise. The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get th…
Why Investors Should Follow Fed Chair Powell's Lead on the War in Iran
Key PointsThe Iran war is already starting to drive energy prices up.The Fed held interest rates steady, citing in part the uncertainty around the war.Investors would be mindful to take a similar approach regarding economic shocks and investing. 10 stocks we like better than S&P 500 Index › As widely expected, the Federal Open Market Committee held the Fed funds rate steady in Jerome Powell's final meeting as Chair. The decision and the press co…
Federal Reserve Holds Interest Rates Steady as the Iran War Rages
Federal Reserve Chairman Jerome Powell’s term expires May 15. Manuel Balce Ceneta/APThe Federal Reserve left interest rates unchanged on Wednesday, following President Donald Trump’s decision to maintain the naval blockade of Iran and indefinitely extend the war that has stoked inflation."Developments in the Middle East are contributing to a high level of uncertainty about the economic outlook,” the Fed Board of Governors wrote in a statement.Th…
Federal Reserve holds interest rates steady for third straight meeting
The Federal Reserve on Wednesday left its benchmark interest rate unchanged, marking the central bank’s third consecutive pause in 2026. The decision comes as the U.S. economy grapples with rising inflation due to the Iran war and fitful job growth. The Fed maintained the federal funds rate — what banks charge each other for short-term loans — in its current range of 3.5% to 3.75%. The decision to keep rates steady was widely expected by investo…
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