Federal Reserve Holds Rates Steady Amid Persistent Inflation Worries

The U.S. Federal Reserve has maintained its target range for the federal funds rate at 3.50%-3.75%, aligning with market expectations. This decision reflects the central bank's continued cautious approach, as oil price volatility linked to the US-Iran conflict has dampened prospects for earlier rate cuts. Market participants are now awaiting further guidance from Fed Chair Jerome Powell regarding the future policy outlook.