WASHINGTON — The Federal Reserve kept its key interest rate unchanged on Wednesday despite persistently high inflation and soaring energy prices due to the Iran war. Fed keeps rates on hold, but three dissent, Warsh praises ‘good family fight’ After two days of deliberation, the Federal Reserve’s interest rate setting committee made a decision with … Read more
President of the United States donald trump His approval ratings have fallen to near the lowest level of his political career as voter pessimism persists about high energy prices and rising costs amid the ongoing war with Iran. President Donald Trump spoke to reporters aboard Air Force One en route from Joint Base Andrews, Maryland, … Read more
TOI Washington correspondent: The United States and Iran are about to resume a shooting contest in the Gulf after Tehran attacked the United Arab Emirates with drones and missiles in response to U.S. efforts to militarily escort ships stranded in the Strait of Hormuz under the so-called “Project Freedom.”“In a high-stakes gamble that combines humanitarian … Read more
Oil prices rose sharply on Friday as tensions rose in the Middle East and the United States launched more strikes against Iran, heightening concerns about energy supply flows through the Strait of Hormuz. Global benchmark Brent crude rose 7.8% to $109.03 a barrel after surging past the $111 mark. At the same time, WTI crude … Read more