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The U.S. Federal Reserve maintained its benchmark interest rate at 3.5-3.75% during Chair Jerome Powell's final policy meeting, citing inflationary pressures from the Middle East conflict and a sluggish labor market. The decision was widely expected, with 100% of investors forecasting no change.
The US-Israel war on Iran is severely impacting the UK, causing economic downturn, rising inflation, and social unrest. Consumer confidence has hit a two-year low, and the public fears rising costs and energy insecurity. The conflict is straining household finances and fueling political tensions, with the government struggling to manage the crisis.
The US-Israel war with Iran enters its 60th day in deadlock, with oil prices soaring and inflation rising. Experts warn of long-term global economic disruption, even after a potential ceasefire, as negotiations remain stalled.