Under the US-Iran ceasefire agreement signed Sunday, approximately $24 billion in Iranian sovereign assets frozen under US and international sanctions will be unfrozen — with half released before formal nuclear negotiations begin, according to Iranian state media reports citing the Mehr news…
WASHINGTON — The Federal Reserve held interest rates steady Wednesday, but policymakers expect a hike in borrowing costs this year amid growing concerns about inflation lodged above the U.S. central bank's 2% target.
New U.S. Federal Reserve Chairman Kevin Warsh holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the U.S. Federal Reserve in Washington, D.C., U.S. June 17, 2026. REUTERS/Eric Lee
FILE PHOTO: The exterior of the Marriner S. Eccles Federal Reserve Board building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger/File Photo
New U.S. Federal Reserve Chairman Kevin Warsh holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the U.S. Federal Reserve in Washington, D.C., U.S. June 17, 2026. REUTERS/Eric Lee
FILE PHOTO: The exterior of the Marriner S. Eccles Federal Reserve Board building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger/File Photo
