Fed Holds Steady on Interest Rates Amid Escalating Global Tensions

The Federal Reserve is holding its benchmark interest rate steady this week, according to expectations. Despite members of the central bank's rate-setting committee expressing frustration with inflation, no action will be taken at this time. The FOMC meeting in Washington was marked by a sense of caution among policymakers, who may soon be ready to adjust their stance on interest rates.

Jordan's military intercepted five Iranian-launched missiles yesterday, which were downed before they could cause any damage. This incident comes as the US and Saudi Arabia carried out strikes against targets in Iraq, with Trump stating that these actions were coordinated with the Iraqi government.