AssetID: 55784046
Headline: UNCAPTIONED: Federal Reserve Holds Rates Steady Amid Iran Deal Uncertainty
Caption: Federal Reserve Holds Rates Steady Amid Iran Deal Uncertainty. The US Federal Reserve has left interest rates unchanged at between 3.5 and 3.75 percent following the first policy meeting chaired by Fed chief Kevin Warsh. Officials opted to keep borrowing costs on hold despite internal debate over whether higher rates might be needed to tackle inflation. Inflation remains above target at 3.8 percent, while uncertainty continues over efforts to secure a lasting agreement to end the conflict involving Iran. President Donald Trump had previously called for lower interest rates and made clear he wanted cuts to support the economy. However, the Federal Open Market Committee unanimously voted to leave rates unchanged. In a statement, policymakers said the US economy continues to grow at a solid pace, with strong investment, steady job creation and a stable unemployment rate. The decision reflects caution as officials assess inflation risks and developments in the Middle East. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Federal Reserve,United Staes,holds steady,rates,Iran,Deal,uncertainty,war,ceasefire,interest rates,Fed chief,Kevin Warsh,conflict,lasting agreement,tackle inflation,higher rates,borrowing costs
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