Fed Holds Rates Steady Amid Iran War Oil Price Surge

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Published: 1 hour ago

The Federal Reserve maintained interest rates unchanged for the second time this year as Middle East conflict drives oil and gas prices higher, creating inflation concerns despite a weakening US jobs market. USD strength likely as hawkish Fed stance contrasts with potential rate cuts elsewhere. Oil-linked currencies CAD and NOK may gain while risk-off sentiment could boost safe-haven JPY and CHF against emerging market currencies.

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