The decision drew dissents from three policymakers on the 12-member panel, as Trump’s Iran war continues to push up prices.

The Federal Reserve is expected to keep its key interest rate unchanged when it meets Wednesday, but chair Kevin Warsh is under increasing pressure to hike rates soon, a move that…

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…

Investors had largely expected that the Fed would hold interest rates steady, given ongoing concerns with high inflation.

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