The Federal Reserve is expected to hold interest rates steady on Wednesday at the end of the first meeting chaired by Kevin Warsh, with a new policy statement and economic projections likely to reflect growing concern about the inflation stoked by the Iran war even as oil prices slide on peace deal hopes. With recent data showing strong U.S. hiring, a relatively low 4.3% unemployment rate, and inflation well above the U.S. central bank’s 2% target, many analysts anticipate the Fed will remove language from its policy statement about “additional adjustments” to its benchmark interest rate, a reference that had been ... (full story)