Fed to make interest rate decision for 1st time since war with Iran spiked oil prices
(WASHINGTON) -- The Federal Reserve will unveil on Wednesday its latest decision on interest rates, marking the first such move since the U.S.-Israeli war with Iran drove up gasoline prices and risked a wider bout of inflation.The elevated price increases coincide with a slowdown of economic growth, threatening to intensify an economic double-whammy known as "stagflation," which poses difficulty for the Fed.If the Fed opts to lower borrowing costs, it […]