The US central bank has voted to hold interest rates steady again, as a spike in oil prices since the start of the US-Israel war with Iran raises economic uncertainty...
The Federal Reserve is expected to hold interest rates steady and may signal it will not cut rates at all this year as the Iran war complicates the central bank's inflation outlook.[image or embed]
— Euronews (@euronews.com) Mar 18, 2026 at 7:15 AM
Other economic data released today...
US producer inflation runs hotter in February, expected to accelerate further amid Iran war
www.reuters.com
... U.S. producer prices increased by the most in seven months in February, driven by higher costs for services and a range of goods, and could accelerate further as the war in the Middle East boosts oil prices and the pass-through from tariffs persists.
The stronger-than-expected Producer Price Index report released on Wednesday also suggested key inflation measures tracked by the Federal Reserve posted significant gains in February.
The U.S. central bank held interest rates steady at the end of its two-day policy meeting on Wednesday. Policymakers projected higher inflation, steady unemployment and only a single cut in rates this year.
Financial markets expected the Fed to resume rate cuts either in December or January 2027, LSEG data showed.
The U.S.-Israeli war with Iran, which started at the end of February, has sent oil prices surging more than 40%, and with it retail fuel prices like gasoline and diesel fuel. Economists expected the war's inflationary effect to show up in the March consumer and producer price reports to be released next month. ...
"Iran is also in the process of attempting to change the currency oil is traded in from the Dollar to the Yuan."
It's already happening.
Pakistani oil tanker "Karachi" crosses Strait of Hormuz after payment in Chinese yuan: Senator Mushahid
thetruthinternational.com
Here is an excellent break down of the situation, there are issues with this overview.
x.com
The US is in a bubble, the culture has ensconced you while everything in the RoW is changing.
The US is running on the momentum from the 1950s.
The US political infighting isn't going to help, you're actually part of the problem.
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