The Federal Reserve has maintained interest rates, resulting in US borrowing costs reaching a 19-year high. This decision comes amid rising investor concerns regarding inflation, particularly in light of potential geopolitical tensions such as Trump’s stance on Iran, which may further impact price levels.

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US borrowing costs hit 19-year high as Fed defies inflation fears

Central bank stands pat on rates even as investors worry Trump’s Iran war will ignite jolt of price growth

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Claire Jones and Myles McCormick in Washington and Kate Duguid in New York

Read Original at Financial Times →