Fed holds US interest rates steady as uncertainty over Trump's Iran deal remains

The Federal Reserve decided to keep interest rates stable between 3.5% and 3.75%, signaling a cautious approach amid uncertainties surrounding potential shifts in U.S. foreign policy, particularly concerning Iran under the Trump administration. This decision underscores the Fed's focus on maintaining economic stability while navigating geopolitical risks. The move highlights the central bank's commitment to balancing economic growth with external uncertainties, suggesting a wait-and-see approach as global tensions evolve.