The Fed's benchmark affects many of the interest rates consumers see every day, including those tied to mortgages, credit cards, car loans and savings accounts.

The Federal Reserve is expected to keep its overnight rate unchanged at the conclusion of its July meeting.

The central bank appeared divided over future interest rate moves in its previous meeting.

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

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