US Fed keeps key rate steady even as Iran war adds inflation pressure

WASHINGTON (Kyodo) -- The U.S. Federal Reserve on Wednesday left its benchmark interest rate unchanged, even as a renewed spike in oil prices, trigger

The central bank's committee is showing an unprecedented level of dissent as calls grow in the United States for a tighter monetary policy to tackle inflation head-on.

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Federal Reserve officials decided to keep interest rates unchanged, but a fractured vote reveals rising concerns about inflation.

The Federal Reserve has voted to keep interest rates steady at the 3.5% to 3.75% target range despite concerns about inflation and oil prices. The decision was not unanimous. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.

Elevated inflation partly reflects supply shocks that that have increased prices, including of energy, the Fed said.

The US Federal Reserve is expected to hold rates on Wednesday, although investors were pricing in a 32% chance of an increase on Tuesday night, with analysts describing the decision as the most uncertain in years.

WASHINGTON: The US Federal Reserve is expected to hold interest rates steady on Wednesday (Jul 29), but with surging inflation fuelled by President Donald Trump's war on Iran, analysts say some policymakers will dissent in favour of a rate hike.After two days of closed-door sessions, the Fed's open market committee (FO

Consumer inflation has undershot expectations for three successive months