✉news BusinessBanking first seen 6 h ago, last 1 h ago, peak #5

Fed holds interest rates steady after oil price spike

Original: Fed holds interest rates steady in 1st move since Iran war spiked oil prices

The US Federal Reserve has decided to keep interest rates unchanged in its first policy meeting since the Iran conflict drove up oil prices. The central bank opted to wait and assess how the war's impact on energy costs and inflation develops before making further moves, leaving borrowing costs where they are.

Why now: Markets and the public are watching how the central bank responds to the war-driven oil price surge and its inflation risk.

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• Fed holds interest rates steady in 1st move since Iran war spiked oil prices · ABC News - Breaking News, Latest News and Videos

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