Fed under Kevin Warsh likely to hold key rate at about 3.6% for a fourth straight meeting
The article says the Iran war that began on Feb. 28 pushed up gasoline prices and lifted U.S. inflation to a three-year high of 4.2%, raising the likelihood the Federal Reserve will keep interest rates unchanged or even shift toward hikes. It adds that while Trump has announced an initial peace agreement, the durability of any ceasefire remains uncertain. The piece notes that energy-price pass-through can lag, even if conditions in oil markets ease.
