The US Federal Reserve has kept its key lending rates on hold, as the US-Iran war and resultant strain in energy supplies as sparked inflation concerns.
The Fed decision was not unanimous, as eight members voted to keep the rates on hold, whereas four were in favour of cuts.
“Inflation is elevated, in part reflecting the recent increase in global energy prices,” said the statement issued by the Federal Open Market Committee (FOMC) following the conclusion of its two-day meeting on Wednesday.
(This is a developing story)
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