Reported about 15 hours ago
President Trump's recent military actions against Iran have intensified uncertainties surrounding the Federal Reserve's monetary policy, as officials grapple with conflicting signals regarding future interest rate cuts. While some Fed policymakers advocate for immediate cuts due to concerns over inflation and economic growth, others believe that rising oil prices from the conflict could necessitate maintaining current rates longer. Federal Reserve Chair Jerome Powell has indicated a cautious approach, suggesting that historical patterns show energy price spikes often do not have lasting inflationary effects. As discussions continue, upcoming inflation reports will further inform the Fed's next decisions.
Source: YAHOO