The US Federal Reserve has held rates, while pointing to heightened uncertainty to the economy from the conflict in the Middle East.
In a statement following a two-day meeting of the Federal Open Market Committee, the Fed announced today (March 18) that it was maintaining the target range for the Federal Funds rate at 3.5–3.75%. The FOMC reached the decision by 11 votes to one. The sole dissenter was Stephen Miran, who voted for a 25 basis point cut.
The Fed said job gains had remained low and the
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