The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused by the Iran war.

Federal Reserve policymakers are losing patience with inflation, but the Fed is expected to keep its benchmark interest rate unchanged. (AP Photo)

Analysis of the Federal Reserve's interest rate decision and its impact on the economy, including consumer confidence and the stock market.

The Federal Reserve held its key interest rate steady on Wednesday despite persistently high inflation and an Iran war-driven surge in energy prices. View on euronews

Oil prices got back to jumping on Wednesday, while sinking technology stocks dragged Wall Street lower amid uncertainty about what the Federal Reserve will do to get high inflation under control. The S&P 500 fell 1.

Oil prices got back to jumping, while sinking technology stocks dragged Wall Street lower amid uncertainty about what the Federal Reserve will do to get high inflation under control. The

Oil prices fell Monday after the United States abruptly suspended a campaign of airstrikes against Iran over the weekend, raising hopes of a diplomatic solution that would deescalate the conflict and allow shipping to resume in the Strait of Hormuz.

Markets on Wall Street were mixed before the opening bell and oil prices jumped more than 4% after Jordan and the U.S. knocked down another Iranian barrage launched against American

Shares of American Tower gained after the company raised its outlook for the year, citing robust demand and leasing activity. The stock rose 4.7% to $174.62 on Tuesday. Shares are down 0.5% year to date.

American Tower (AMT) came out with quarterly funds from operations (FFO) of $2.71 per share, in line with the Zacks Consensus Estimate . This compares to FFO of $2.6 per share a year ago. These figures are adjusted for non-recurring items.

American Tower Corp. (AMT) on Tuesday reported a key measure of profitability in its second quarter. The results met Wall Street expectations.

Artisan Partners Asset Management (APAM) is scheduled to announce Q2 earnings results on Tuesday, July 28th, after market close. The consensus EPS Estimate is $0.91 (+9.6% Y/Y) and the consensus Revenue Estimate is $301.

Tech shares are in for a rough day, with Nasdaq futures down nearly 0.8%. Behind some of the bearish outlook: fears that the West could lose its stranglehold on a crucial component of the chip supply chain.

CXMT had a strong public debut in Shanghai, and now investors are weighing the prospect of a manufacturing breakthrough that could make China’s chip industry more competitive.

As China's state-backed memory chip manufacturer, ChangXin Memory Technologies (CXMT), turned out to be the country's largest public firm following its initial public offering (IPO) on July 27, it sent shockwaves through Asian equity markets and pushed XRP down to the $1.

Memory-chip stocks Micron and SK Hynix fell Monday after Chinese rival CXMT rocketed in its IPO on the Shanghai Stock Exchange.

Australia is planning to build its first new oil refinery since 1965 after petrol stations ran dry earlier this year.

The Australian government this week announced plans to construct a new large-scale oil refinery in Western Australia. If approved, it would be the first refinery to be built since the 1960s. The federal government initially touted the idea of a government-backed oil refinery in April.

Plans for this country's first new oil refinery for more than six decades have been announced by the prime minister to shore up local fuel security.

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