Eyeing oil market turmoil and erratic job numbers, Fed to hold interest rates steady

All eyes are on the Federal Reserve on Wednesday afternoon when the central bank is expected to hold interest rates steady for the second straight policy meeting this year. The bigger question is how the FOMC is assessing the impact of the Iran oil price shock on the economy and inflation — and thus the outlook for setting interest rates. Read more: How the Fed rate decision affects your bank accounts, loans, credit cards, and investments Fed Chair Jerome Powell “will most likely emphasize that signif ...