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Fed Holds Rates as Iran War Squeezes American Budgets
The central bank's wait-and-see stance leaves millions facing higher gas prices, stubborn inflation and no relief in sight
The central bank's wait-and-see stance leaves millions facing higher gas prices, stubborn inflation and no relief in sight
Investors fear AI will destroy incumbent businesses and that $660 billion in spending won't pay off — and both sides are getting punished
The economy added 130,000 jobs in January, more than double forecasts, but benchmark revisions erased nearly 900,000 positions from prior counts
Decision could block Trump from gaining control of central bank
President narrows Fed chair candidates to "two Kevins" as Powell's term nears May expiration
Republican senator questions DOJ credibility as criminal investigation threatens central bank independence
Fed chair accuses Trump administration of weaponizing criminal probe to pressure interest rate policy
Houthi attacks have disrupted global trade, forcing shipping routes to bypass the Suez Canal, increasing costs, delays, and causing a 75% drop in Red Sea shipping traffic.