Fed Holds Rates Steady Amid Uncertainty Over Energy Prices and Policy Outlook
The Federal Open Market Committee (FOMC) held interest rates steady at 3.50% to 3.75% in an 8-4 vote, with four members dissenting. The decision came amid uncertainty over energy prices from the Iran War and a shift in policy bias. Traders now expect the next rate cut as late as 2027, reflecting a more cautious outlook.
Topics: economic uncertainty Fed Chair Federal Open Market Committee (FOMC) interest rates rate cuts