The US Federal Reserve held interest rates steady for the second time this year, a widely expected move amid turmoil in the Middle East and rising energy prices. Fed officials faced a confluence of issues to consider in their meeting this week: soaring oil and gas prices, fluctuating inflation that still remains above the Fed’s target of 2%, and a weakened job market that unexpectedly saw 92,000 losses last month. All but one of the 12 voting members of the committee voted to keep rates at a range of 3.5% to 3.75%, resisting enormous pressure from Donald Trump to lower
‘Not a one-person regime’: Why Iran’s Islamic Republic is so hard to topple
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