Fed likely to keep rates on hold as it confronts new inflation threat: Soaring gas prices
Government
The Federal Reserve's decision on interest rates Wednesday is all but a foregone conclusion. Traders overwhelmingly expect it to keep rates on hold, a scenario that's likely to persist for the rest of the year. Instead, it's how Chair Jerome Powell and policymakers decide to respond to the growing Middle East oil crisis that will have investors and consumers hoping for interest rate cuts alike on the edge of their seats when Powell steps up to the lectern at the central bank's headquarters at 2:
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