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The war in Iran has upset the economic equilibrium Europe threatening energy supplies, growth and the outlook for consumer prices, upsetting economic forecasts.
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MPC holds rates at 3.75% as war in Middle East continues to push energy costs higher
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Jerome H. Powell, the chair of the Federal Reserve, emphasized the high degree of uncertainty stemming from the conflict as he acknowledged the potential for surging energy prices to lift inflation and dent growth.
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The Federal Reserve on Wednesday released its decision in interest rates.
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