The Times of India

FOMC policy meeting: Jerome Powell-led US Federal Reserve keeps interest rates unchanged; flags 'uncertainty' related to impact of Iran war

Experts had said that fears of oil prices stoking inflation were unlikely to push the Federal Reserve toward raising interest rates at this weeks meeting. hile markets and economists had earlier anticipated that the next move would be a rate cut, that conviction has weakened since the United States and Israel launched airstrikes on Iran on February 28.