Federal Reserve officials expect the Iran war will worsen inflation this year while having little impact on growth, but they still expect to cut their key rate once in 2026.

The Federal Reserve left its short-term interest rate target unchanged on Wednesday. The decision to hold the benchmark federal-funds rate steady in a | Economy

Policymakers also foresee unemployment remaining unchanged by the end of this year, a more optimistic outlook than most outside economists.

From mortgage rates to auto loans and credit cards, here’s a look at how the Fed's March interest rate decision may affect your finances.