Rates Hold

• The Federal Reserve maintained interest rates unchanged at its latest meeting but signaled a more hawkish stance, shifting investor sentiment regarding future policy direction. • Tech sector earnings continued to show strong numbers, though stock market reactions remained mixed, with the S&P 500 rising 1% for the week as equities powered through higher oil prices and a backup in yields. • Fed Chair Jerome Powell announced he will not retire after his term ends next month, committing to serve as a constructive governor rather than a shadow Fed chair.

Decision not to change rate comes despite signs inflation is rising amid the Iran war’s effects on fuel pricesThe Bank of England has left UK interest rates unchanged at 3.75%, despite signs that inflation is beginning to accelerate due to the impact of the Iran war.The Bank’s rate-setting monetary policy committee (MPC) voted to leave borrowing costs on hold at noon on Thursday, after its latest rate-setting meeting. Continue reading...

• The Federal Reserve voted to leave the benchmark federal funds rate unchanged at 3.5% to 3.75% on Wednesday, citing concerns about inflation rising amid the war in Iran. • This marks the continuation of the Fed's pause in rate adjustments following three successive 25-basis-point cuts in September, October, and December 2025. • Fed Chairman Jerome Powell is scheduled to hold a press conference at 2:30 p.m. ET to discuss the decision, marking what could be his final interest-rate announcement as Federal Reserve chair.

• The U.S. Federal Reserve decided to hold interest rates steady on March 19, 2026, in its first move since oil prices spiked due to the Iran war. • Officials cite inflationary pressures from energy disruptions but project stability if conflict de-escalates. • The decision impacts American consumers facing higher gas prices, influencing mortgage and loan rates nationwide.

Decision comes as concerns mount over economic fallout from conflict bringing fresh cost of living shockBusiness live – latest updatesThe Bank of England has kept interest rates on hold amid growing fears over an inflation shock triggered by the US-Israel war on Iran.As households brace for a rise in living costs, the Bank’s rate-setting monetary policy committee (MPC) voted by a majority to keep its key base rate at the current level of 3.75%. Continue reading...

• Wall Street indices declined sharply on Wednesday, March 18, with the S&P 500 falling 1.4% to 6,624.70, Dow Jones dropping 1.6% to 46,225.15, and Nasdaq sliding 1.5% to 22,152.42. • The Federal Reserve decided to keep its main interest rate unchanged, opting against resuming cuts to support the job market and economy amid rising inflation pressures. • Fed Chair Jerome Powell stated, “We just don’t know,” regarding the impact of surging oil prices and President Donald Trump’s tariffs on the economy.

Rolling coverage of the latest economic and financial newsUK wage growth slows sharply as unemployment holds steadyFed holds interest rates steady as Iran war drives up oil prices and inflation fearsMiddle East crisis live: Trump threatens to ‘blow up’ entire South Pars gasfield if Iran strikes QatarUK wage growth has slowed to a five-year low, in a worrying sign for workers as the Middle East crisis pushes up energy costs.Average pay (excluding bonuses) rose by 3.8% in the three months to January, down from 4.1% in October-December 2025, the Office for National Statistics reports.“With unemployment staying steady at 5.2% and a rare gain in payrolls employment, this report paints a mildly more positive picture of the labour market. And with wage growth softer again, in normal times this would have been a relatively reassuring report for the Bank of England.But the report feels stale in light of the Iran conflict, and the inflation risks stemming from the large spike in energy prices. So while today’s Bank of England meeting had once looked like the likely point of the next rate cut, instead policy is set to be kept on hold today as policymakers give themselves more time to see how the conflict plays out. Continue reading...

Jerome Powell resists Trump pressure as policymakers weigh energy shock against a weakening US jobs marketSign up for the Breaking News US email to get newsletter alerts in your inboxThe US Federal Reserve held interest rates steady for the second time this year, a widely expected move amid turmoil in the Middle East and rising energy prices.Fed officials faced a confluence of issues to consider in their meeting this week: soaring oil and gas prices, fluctuating inflation that still remains above the Fed’s target of 2% and a weakened job market that unexpectedly saw 92,000 losses last month. Continue reading...