US holds interest rates as Iran war triggers inflation fears
The decision, which was widely expected, left the Federal Reserve's key interest rate in the range of 3.5%-3.75%, where it has stood since December. Kenya breaking news | Kenya news today |..
✨ Key Highlights
The US Federal Reserve has decided to hold its key interest rates steady at 3.5%-3.75%, citing economic uncertainty fueled by rising oil prices due to the US-Iran conflict.
- The Federal Reserve, led by Chair Jerome Powell, left interest rates unchanged for the second consecutive meeting.
- Inflation forecasts have been revised upwards to 2.7% by year-end, partly due to the "oil shock" and trade tariffs.
- Jerome Powell stated it is "too soon" to fully assess the impact of the Iran war on the US economy and future rate decisions.
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Gas price soars 25% after strikes on Qatar hub - March 2026
Wholesale gas prices in the UK and Europe have surged by approximately 25 percent following retaliatory strikes on energy infrastructure in the Middle East, specifically targeting Qatar's main gas facility. The US Federal Reserve has responded by holding its key interest rates steady at 3.5-3.75 percent, citing economic uncertainty fueled by rising oil prices due to the US-Iran conflict. These events demonstrate how geopolitical tensions in the Middle East are directly impacting global energy markets and Western monetary policy.
