Fed officials are grappling with a host of economic challenges, from stubborn inflation to a slowing job market.

The US central bank has voted to hold interest rates steady again, as a spike in oil prices since the US-Israel war with Iran began raises economic uncertainty and threatens to drive up inflation. The decision,

What Has Donald Trump Said About Interest Rates? President Donald Trump has pressured the Fed and Fed Chair Jerome Powell to cut interest rates more quickly, writing on Truth Soci

The Federal Reserve on Wednesday kept interest rates steady and released new projections that show most officials anticipate at least one rate cut this year. Why it matters: The Iran war's oil shock is pushing prices up as the labor market loses steam — a threat that makes the steep interest rate cuts that President Trump is demanding increasingly uncertain.

Market participants are also not expecting the Fed to cut rates at its next meeting on April 29, with the CME FedWatch Tool indicating a 97% probability that rates will remain unc

Federal Reserve officials expect the Iran war will worsen inflation this year while having little impact on growth, but they still expect to cut their key rate once in 2026.