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Middle East tensions could block vital oil flows, driving up costs and complicating the central bank’s next moves.
The Federal Reserve has held its policy rate steady while balancing stubborn inflation and a wave of layoffs. Elevated fuel prices and global tensions continue to complicate the Fed’s path forward, but staying informed and flexible may help households navigate whatever happens next, TheStreet explains. Israel’s attack on Iran has prompted threats to close the Strait of Hormuz…
