Fed Holds Rates Steady, but Says Iran War Causing Economic Uncertainty
WSJ What’s News
The Wall Street Journal
4.1 • 4.2K Ratings
🗓️ 18 March 2026
⏱️ 13 minutes
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| 0:00.0 | Access to affordable credit helps me pay my employees, but I don't really need it. |
| 0:05.0 | Infliction is killing me! |
| 0:08.0 | But who cares? Big retailers are making record profits! |
| 0:12.0 | That's why we support the Durban Marshall Credit Card Bill! |
| 0:15.0 | See? Banks and credit unions help small businesses make payroll. |
| 0:18.0 | This bill would cut the vital resources they need. |
| 0:27.3 | While increasing megastore profits, they deserve it. Don't they? Tell Congress, stop the Durban Marshall money grab for corporate megastores. Paid for by the Electronic Payments Coalition. |
| 0:34.7 | The Fed holds rate steady, but the war with Iran clouds its outlook for future decisions. |
| 0:40.4 | Plus, oil prices rose again today after new attacks on Middle East energy infrastructure, |
| 0:46.0 | and how U.S. Marines could help reopen the Strait of Hormuz and get oil flowing again. |
| 0:51.0 | This unit is typically used for raids or special operations. It seems likely |
| 0:57.3 | that the U.S. Marines that are being sent to the Middle East could be deployed to see some of the |
| 1:02.8 | islands off of the southern coast of Iran. It's Wednesday, March 18th. I'm Alex Osloaf for the |
| 1:09.0 | Wall Street Journal. This is the PM edition of What's News, the top headlines and business stories that move the world today. |
| 1:20.0 | The Federal Reserve held interest rates steady today for the second meeting in a row. |
| 1:24.6 | And for later this year, officials kept open the possibility of cutting rates, |
| 1:28.3 | even as higher energy prices from the Iran war threaten to make bringing down inflation more |
| 1:32.8 | difficult. For more on the Fed's decision, I'm joined now by WSJ economics reporter, Matt Grossman. |
| 1:38.7 | Matt, how did officials talk about the prospect of rising inflation due to higher energy prices? |
| 1:43.8 | Do they see it basically |
| 1:44.5 | as a guarantee? Are they still going to kind of wait and see? Well, in his press conference |
| 1:48.6 | today, Chair Powell talked about the effects of the war in Iran as highly uncertain. |
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