Fed holds US interest rates steady as uncertainty over Trump's Iran deal remains (opens original article in a new tab)

The Federal Reserve kept US interest rates steady at 3.5%-3.75% amid uncertainty over Trump's Iran deal, with inflation at 3.8% driven by the conflict. The Fed's statement was shorter and more factual under new leadership.

• Federal Reserve held US interest rates between 3.5% and 3.75%
• Fed governors were split on keeping rates steady or increasing them
• Inflation reached 3.8% due to US-Israel war in Iran