US Keeps Interest Rates Steady Amid Iran War Fears

The US Federal Reserve has kept interest rates steady, citing concerns over the potential inflation shock caused by the ongoing war between the US and Iran.

The decision was announced on July 30, with the Fed stating that it would maintain its current monetary policy stance in light of the escalating conflict.

The Fed noted that the war had raised fears of a significant spike in oil prices, which could lead to increased inflation and potentially even a recession.