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finance.yahoo.com
Will the US Fed raise interest rates to fight Iran war inflation?
<strong>A senior US Federal Reserve official has raised the prospect of an interest rate hike for the first time in years</strong>, warning that the Iran war's impact on fuel costs could push inflation beyond the central bank's control.
bbc.com
Federal Reserve holds interest rates as Iran war triggers inflation fears
Federal Reserve chairman Jerome Powell said future cuts would depend on whether inflation continues to fall, noting that it was "too soon" to say how the Iran war would affect that outlook. "We just don't know what the effects of this will be and really no one does," he said. The Fed typically lowers borrowing costs when it sees unemployment rising and wants to boost the economy. It raises them when it is worried about inflation, hoping higher borrowing costs will ease spending and slow down price rises.
apnews.com
How many rate cuts? Iran war upends Federal Reserve's next steps | AP News
The Iran war has scrambled the Federal Reserve’s outlook on inflation and unemployment and <strong>will likely further delay interest rate cuts this year</strong>, putting off any relief for consumers struggling with high borrowing costs for home and car purchases.
euronews.com
Will the US Fed raise interest rates to fight Iran war inflation? | Euronews
<strong>A senior US Federal Reserve official has raised the prospect of an interest rate hike for the first time in years</strong>, warning that the Iran war's impact on fuel costs could push inflation beyond the central bank's control.
nbcnews.com
Fed keeps interest rates steady as Iran war fuels inflation
In March, inflation overall jumped 0.9% from February, to an annual rate of more than 3.3%. Asked how the Fed is looking at price surges as a result of the war, Powell cautioned that "it hasn't even peaked yet." "I think we'd want to see the backside of that and progress on tariffs before we even thought about reducing rates," he said. Some economists and analysts have also wondered whether the Fed would go so far as to consider a rate hike when energy prices are soaring.
startribune.com
Kashkari: Fed may need to raise rates if Strait of Hormuz stays closed
Both inflation and unemployment could rise if the Strait of Hormuz stays closed, Kashkari wrote Friday, May 1, in an essay explaining his objection to language at this week’s Federal Open Market Committee meeting suggesting likely future rate cuts. Raising rates would risk pushing unemployment higher. But Kashkari said: “I firmly believe that anchored long-run inflation expectations are necessary for achieving maximum employment and a vibrant economy.” · The Fed uses interest rates to balance its “dual mandate” of low unemployment and stable prices, deploying rate hikes to tame high inflation and rate cuts to lower unemployment.
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