Energy-driven inflation, OPEC+ has more influence than Powell

FED HOLDS RATES, FLAGS UNCERTAINTY AND RISING INFLATION RISKS

The Federal Reserve kept rates unchanged at 3.50–3.75%, giving no signal on timing of cuts and citing high uncertainty tied to Middle East tensions.

Key points:

🔸Economy still growing at a solid pace
🔸Job gains modest; unemployment stable
🔸Inflation now labeled “elevated” (up from “somewhat elevated”), driven by energy prices
🔸Fed watching risks to both growth and inflation

The decision passed 8–4, the most dissent since 1992:

🔸One member favored a rate cut
🔸Three opposed any easing bias

Bottom line: policy on hold, outlook uncertain, divisions rising inside the Fed.

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