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Future base rate changes are hard to predict as analysts judge the economic impact of the Iran war.
Elon Musk was cross-examined on the third day of the trial over his lawsuit against Sam Altman and OpenAI.
Meta, Amazon, Alphabet and Microsoft all reported earnings at the same time on Wednesday.
Powell's news conference after holding rates covered the US-Israel war with Iran, inflation, legal attacks, and the Fed's independence.
The price of crude oil has swung sharply as uncertainty over the war in the Middle East continues.