Fed Rate Decision Complicated by Oil Prices and Inflation Concerns

The Federal Reserve is expected to keep interest rates unchanged this week, but rising oil prices and inflation concerns are complicating its decision.

New Fed Chair Kevin Warsh has taken a vague approach to signaling how the central bank views the economy and what direction policy may move.

Fears of another oil shock and stubborn inflation have increased the chances of a surprise rate increase, with some analysts predicting nearly 30% odds of a quarter-point hike.