
Fed Keeps Rates Steady Amid Iran Conflict, Inflation Worries
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Federal Reserve Chair Jerome Powell warns of uncertain economic outlook due to U.S.-Israeli conflict with Iran, driving up energy prices and sparking inflation worries. Major central banks keep rates unchanged, with investors highlighting inflation risks from energy spikes. Major indexes close lower, dipping below their two hundred-day moving averages. Weekly jobless claims unexpectedly fall, indicating a steady labor market and rebounding job growth.
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