Fed likely to hold interest rates as US-Iran war rages
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The US Federal Reserve is likely to keep interest rates unchanged at its upcoming policy meeting, owing to the ongoing conflict in the Middle East.
The two-day meeting, starting Tuesday, could be Chairman Jerome Powell's last as head of the independent institution.
The Fed is expected to maintain its target range for interest rates between 3.50% and 3.75%, extending a pause since January this year.
The two-day meeting, starting Tuesday, could be Chairman Jerome Powell's last as head of the independent institution.
The Fed is expected to maintain its target range for interest rates between 3.50% and 3.75%, extending a pause since January this year.
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