Iran war impact: Gas prices fluctuate amid uncertinaty in Strait of Hormuz
The Federal Reserve held interest rates steady due to concerns about elevated inflation amid the war in Iran. The decision was Kevin Warsh’s first as
The Federal Reserve held interest rates steady due to concerns about elevated inflation amid the war in Iran. The decision was Kevin Warsh’s first as Fed chair. Policymakers voted unanimously to leave the benchmark federal funds rate unchanged at its current range of 3.5% to 3.75%.
Meanwhile, the average U.S. gasoline price fell below $4 for the first time in months. However, the uncertainty in the Strait of Hormuz could lead to more fluctuation again. LiveNOW’s Anna Marsick spoke about the headlines with economist Mike Walden.
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