
Fed Rate Stays Put as Probes & Gulf Tensions Rise
Fed Rate Stays Put as Probes & Gulf Tensions Rise
Multiple news sources report that the Federal Reserve has held interest rates steady, ending a series of cuts amidst elevated inflation and sluggish hiring, despite pressure from the White House and a criminal investigation into Fed Chair Jerome Powell. While Powell views the economy favorably, futures markets anticipate two rate cuts later in the year, reflecting a divergence in opinion on the appropriate monetary policy.

















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