Fed holds rates steady
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Fed to announce latest interest rate decision Wed.
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The Federal Reserve kept its key interest rate unchanged Wednesday and Chair Jerome Powell highlighted the increasingly uncertain outlook for the U.S. economy and inflation in the wake of the Iran war,
Federal Reserve decision pushes expectations for rate cuts in 2026 lower, as uncertainty over the impact of the Iran war, sluggish job growth and stubborn inflation weighs.
Oil prices were always going to be a problem for the next Fed nominee. On Wednesday, Jerome Powell outlined another worry.