New York, July 29, 2026 (AFP) - Oil prices surge while US stocks fall as Fed keeps rates unchanged

NAMPA / AFP
2026-07-29
Wall Street stocks finished sharply lower Wednesday after the Federal Reserve kept interest rates unchanged despite lofty US inflation as escalations in the Middle East war pushed oil prices skyward. Major US indices ended down more than 1.5 percent after initially greeting the Fed's decision to keep interest rates level. However, markets shifted course during Fed Chair Kevin Warsh's press conference where he pledged to achieve price stability a......
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