Fed Holds Rates Steady Amid Higher-Than-Expected Inflation And The Iran War

There are a whole lot of cross-currents happening right now in the economy that have important ramifications for monetary policy. The problem is, is that nobody knows quite what those ramifications are. The implications of events in the Middle East for the U.S. Economy are uncertain in the near term.Higher energy prices will push up overall inflation, but it is too soon to know the scope and duration of the potential effects on the economy. The Fed decided, as widely expected, to keep their benchmark intere ...