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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