Fed Holds Rates Steady Amid Iran Crisis
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- Federal Reserve holds interest rates steady at 3.5%-3.75% range as inflation and Iran conflict weigh on policy
- Jerome Powell delivers remarks after FOMC decision, underscoring caution amid Middle East instability
- Iran shuts Strait of Hormuz, blocking Indian ships and contributing to cryptocurrency market swings
Why it matters: The Fed’s hold favors borrowers avoiding higher rates but pressures savers and markets now exposed to prolonged inflation. A delayed pivot risks deeper bond market stress if Iran tensions escalate further.
