Analysts cut growth outlook for PHL
The Federal Reserve has left its key policy rate unchanged due to inflation risks from higher energy prices and softer labor market signals. The central bank expects inflation to cool over time, but the impact of the Iran war on growth and hiring remains uncertain.
The Federal Reserve left its key policy rate unchanged. The decision was made due to inflation risks from higher energy prices and softer labor market signals. Gasoline prices have surged, with the national average at $3.842 a gallon. The Fed expects inflation to cool over time. The central bank is watching the labor market, which has shown new signs of strain. The Fed's decision was influenced by the uncertain impact of the Iran war on the US economy.
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