BUSINESSBATON ROUGE BUSINESS REPORT
Roundup: Composite expansion / Oil surges / Steady rates prevail
NPK Access Solutions will invest $40 million to expand its Carencro facility, creating 38 new jobs and retaining 124. Oil prices surged amid U.S.-Iran tensions following a reported missile attack on American forces in Jordan and attacks on Saudi oil infrastructure. The Federal Reserve held interest rates steady with a 9-3 split vote, signaling potential future rate hikes to address inflation.
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Adjacent reporting
- Fed expected to hold rates as Iran-Jordan clash reignites war fears, with oil prices jumping more than 4%
- Wall Street inches higher while oil prices fall on optimism over talks of Iran ceasefire extension
- Oil Opens Higher With Focus on US-Iran Ceasefire: Markets Wrap
- Europe's central bank raises rates to fight inflation from Iran war, the Fed to decide next week
- Oil extends gains as Iran-U.S. tensions raise concerns over supply disruptions
- Oil Holds Gains as Iran Stokes Inflation Worries: Markets Wrap