Markets22 October 2026
Fed holds rates steady at 3.5%-3.75%, cites elevated inflation from Iran war impact
via Al Jazeera
Federal Reserve kept rates unchanged citing elevated inflation driven by higher oil and energy costs from Iran conflict. Major indices fell: Nasdaq down 0.9%, Dow down 1.6%, S&P 500 down 0.7%. Gold rose 1.2% to $4,076/oz. Oil disruptions and war-related supply shocks keep inflation pressures high, delaying rate cuts traders hoped for.
Original source
Al Jazeera
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