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US Fed holds rates unchanged over 'uncertain' Iran war implications

Federal Reserve chief Jerome Powell has a dual mandate to keep inflation near two percent and maintain maximum employment.

Photo for story: Federal Reserve chief Jerome Powell has a dual mandate to keep inflation near two percent and maintain maximum employmentAFP Photo by SAUL LOEB

Middle East war: global economic fallout

Motorists queue at a petrol station in Luang Prabang, Laos, following import disruptions caused by the Middle East war.

Photo for story: Motorists queue at a petrol station in Luang Prabang, Laos, following import disruptions caused by the Middle East warAFP Photo by STR
  • Dozens of temperature records shattered across SoCal as historic March heat wave sizzles on

    Southern California is gearing up for a third straight day of record-breaking temperatures as an unusually long and strong March heat wave pushes the mercury up to 35 degrees above normal.
  • ‘This program’s really all about business’: UNLV shows grit in NIT win

    UNLV (18-16) reassembled after receiving an unexpected NIT bid, refocused and delivered a defensive-minded performance.
  • US drivers see gas prices jump to highest level since 2023 as Iran war drags on

    The Iran war has rattled the global flow of oil, with steeper fuel costs already straining households worldwide. And in the U.S., drivers are now facing the highest prices they’ve seen at the pump in nearly two and a half years.
  • How long does a Las Vegas homeowner live in their house?

    A Redfin report shows Las Vegas has one of the shortest ownership rates for homeowners in the country, beaten only by Louisville, Kentucky.
  • US wholesale prices rose by a surprisingly hot 3.4% last month, the most in a year

    The gains, driven partly by an sharp increase in food prices from January to February, were bigger than economists had forecast, and they occurred before the U.S. and Israel attack on Iran.

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