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US Stock Market: Fed holds rates over 'uncertain' war impact

The US Federal Reserve held interest rates steady, defying President Trump's calls for cuts amidst persistent inflation and a shaky economic outlook influenced by the Iran conflict. Officials anticipate a single rate reduction by year-end, acknowledging solid economic expansion but noting subdued job gains and elevated prices. Projections indicate a 2.4% GDP growth for the fourth quarter.

19 Mar 2026 5:49 am