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The Nexus
BUSINESSJul 29 · 13:32 UTCFORTUNEYuri Kageyama, Matt Ott, The Associated Press

Fed expected to hold rates as Iran-Jordan clash reignites war fears, with oil prices jumping more than 4%

The Federal Reserve is expected to hold interest rates amid renewed Middle East tensions from an Iran-Jordan missile clash, which caused oil prices to surge over 4%. Markets reacted with mixed results, with the Kospi index in South Korea falling 6% due to AI investment concerns, while futures for the S&P 500 and Nasdaq rose slightly.

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Fed expected to hold rates as Iran-Jordan clash reignites war fears, with oil prices jumping more than 4% · The Nexus