Fed Holds Rates, Despite Oil Surge and Stock Drop
Salt Lake City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Amidst the Iran-U.S. conflict, U.S. stocks drop and oil prices surge, with Brent crude reaching $109.84 per barrel. The Federal Reserve is expected to keep interest rates unchanged, despite President Trumps push for cuts to aid jobs and investments. The Treasury Department relaxes sanctions on Venezuela, allowing U.S. firms to deal with its state oil company. Persistent oil surges may force a more cautious path for the Fed, dampening hopes for rate relief later in 2026.
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