Fed holds rates steady, cites 'elevated' inflation, 'high level' uncertainty from Middle East war

“The US Federal Reserve on Wednesday held its benchmark interest rate steady for the third consecutive time, citing "elevated" inflation and a "high level" of economic uncertainty stemming from the ongoing Middle East conflict. The central bank decided to leave the rate unchanged at the 3.5-3.75 percent range during the two-day Federal Open Market Committee meeting, which was likely to be the last rate-setting meeting under Chair Jerome Powell as his chairmanship is set to expire on May 15. Durin

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