The Federal Reserve holds interest rates steady as new economic shocks play out.

No change. The Federal Reserve holding rates steady in the range of three and a half to three and 3/4% while officials still see one rate cut this year. Now, seven officials see no cuts this year. Seven see one cut, two see two cuts, two see three cuts, and one sees four cuts. That's moderately more hawkish than what we saw back in December when four saw one cut, four saw two cuts, two saw two cuts, and two saw three cuts.Now, acknowledging the uncertainty in Iran, officials said in their statement, quote, ...