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Stock impact report

Fed holds rates steady as war in Iran clouds outlook [Yahoo! Finance]

Evercore Inc. Class A (EVR) 
Last evercore inc. class a earnings: 4/22 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
as the war with Iran has fueled a rise in the price of oil that threatens to reignite inflation. “The implications of developments in the Middle East for the U.S. economy are uncertain,” the Federal Reserve said in a statement. Fed officials tentatively penciled in at least one rate cut later this year, though seven of the 19 meeting participants signaled no additional cuts. Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post. That tension puts the Fed's dual mandate - for low and stable inflation along with plentiful jobs - potentially in direct conflict. The upshot: The Fed is likely to extend its wait-and-see approach, analysts say. Fed policies influence what households and businesses pay for mortgages, credit cards and other loans, and investors are watching closely for guidance on the central bank's next steps. Chair Jerome H. Powell is scheduled to speak at a news conference at 2:30 p.m. Eastern time, remarks tha Show less Read more
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