The Bank also expects the economy to grow more than previously forecast this year, although uncertainties remain because of the Iran war.
Source: [BBC News](https://www.bbc.co.uk/news/articles/cp8e6m4rndgo?at_medium=RSS&at_campaign=rss)
Federal Reserve Chairman Kevin Warsh has vowed to reestablish the central bank's reputation as an inflation fighter. But on Wednesday he had to defend why the bank has held rates steady yet again. Some investors say it's time for Warsh to be a little more clear on the Fed's direction.
Developing story — details emerging. Check the source link for the latest updates.
Developing story — details emerging. Check the source link for the latest updates.
Developing story — details emerging. Check the source link for the latest updates.
Drone strikes at Egypt's Mediterranean port of Damietta sparked fires on two natural gas vessels Wednesday, in what appears to be the first time Egypt has been targeted. The origin of the strike remains unknown. CBS News' national security analyst Aaron Maclean has more.
Developing story — details emerging. Check the source link for the latest updates.