Fed maintained rates, though with 3 dissenters who favoured a 25bps hike. Chair Warsh said that if inflation remains elevated, rates could be part of fixing 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…

The Federal Open Market Committee is expected to keep interest rates steady. But a longer Iran war and fresh tariffs threaten to drive prices even higher.

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

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