Central bank remains on sidelines as oil prices surge after Iran war escalation

Investors increase bets on US central bank to raise rates on surging oil prices

WASHINGTON: The US Federal Reserve held interest rates steady on Wednesday (Jul 29), with surging inflation fueled by President Donald Trump's war on Iran seeing three of the…

The US Federal Reserve is expected to keep interest rates unchanged, with markets increasingly pricing in a September hike. Persistent inflation, geopolitical tensions, elevated…

The US Federal Reserve kept interest rates unchanged, awaiting clearer inflation signals. Renewed fighting linked to Iran pressures oil prices and clouds economic outlook.…