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Fed holds US interest rates steady amid uncertainty over Trump's Iran deal Business
Economy #federal reserve#interest rates

Fed holds US interest rates steady amid uncertainty over Trump's Iran deal

The Federal Reserve held interest rates steady at its June meeting, with the FOMC unanimously backing the decision. Inflation remains above target at 3.8%, driven by the US-Israel conflict in Iran and the closure of the Strait of Hormuz. Fed Chair Kevin Warsh introduced a significantly shorter statement and removed forward guidance hinting at future rate cuts, while the dot-plot showed a majority of policymakers expect no change or a hike this year.

Jun 17, 2026 1 source