Before the war, it was largely expected that the central bank would cut rates
The Middle East war has made it difficult for anyone to make economic forecasts
The central bank held its policy interest rate at 2.25% on Wednesday
On Wednesday, the Fed's Powell said it's unclear what will happen with oil prices, tariffs
Fed officials expect the Iran war will worsen inflation this year, but have little impact on economic growth
The minutes underscored the deeply divided nature of the committee
Canada, the U.S. and Mexico are set to review CUSMA in July
The bank’s Monetary Policy Committee was divided on whether to cut interest rates
Economists now think the rate could stay at 2% for months — and possibly into 2027
Prescribed rate to remain at 3% for third consecutive quarter