The U.S. Federal Reserve (Fed) announced it would hold interest rates steady following a policy meeting on Tuesday, marking the fourth consecutive meeting with no rate change. The decision comes amid concerns that rising oil prices, fueled by tensions in Iran, could reignite inflation. This meeting was the first presided over by newly appointed Fed Chair Jerome Powell. Investors are now focused on Powell’s upcoming press conference, anticipating insights into his assessment of the Iranian situation and its potential impact on inflation forecasts. The Fed will likely address how geopolitical risks are factored into future monetary policy decisions. The pause in rate hikes suggests a cautious approach as the central bank monitors economic developments. Powell’s comments will be closely watched for signals regarding the future path of interest rates.