US and UK central banks expected to keep interest rates on hold amid Iran peace deal (opens in new tab)

Federal Reserve to make first decision under Kevin Warsh as Middle East hopes ease inflation pressuresCentral banks in the US and UK are expected to leave interest rates on hold this week as the peace deal in the Middle East is expected to ease inflationary pressures.The US Federal Reserve is expected to hold its benchmark interest rate at a range of 3.5% to 3.75% on Thursday, in what will be the first policy decision under new Fed chair – and Donald Trump’s pick – Kevin Warsh.