Fed Chair Jerome Powell refused to share specifics of his expectations on how the war could affect the US economy after the Fed raised its inflation outlook on Wednesday, now expecting its preferred personal consumption expenditures (PCE) measure to stand at 2.7% by December 2026, up from an earlier estimate of 2.4%.

The Federal Reserve's interest rate decision will be the first since the United States launched a war with Iran, sending the oil market into chaos.

La Reserva Federal revisa al alza sus perspectivas de inflación, hasta el 2,7%