Multiple outlets report that the US Federal Reserve and the Bank of England are expected to keep interest rates unchanged in their upcoming meetings, with attention on how an Iran-related peace deal could affect inflation. The Guardian says the Fed is expected to hold its benchmark policy rate in a range of 3.5% to 3.75% on Thursday. The decision is described as the first policy call under newly appointed Fed chair Kevin Warsh, who is identified as a Trump pick. The reported rationale is that improved prospects for stability in the Middle East reduce risks to oil markets and overall economic uncertainty, which can ease inflation pressure. Other coverage links the Iran truce to reduced threats of further rate increases and to expectations of lower inflation. Several sources also point to falling oil prices as a potential factor that could lessen pressure on the Fed to tighten monetary policy. While specific meeting outcomes are not yet confirmed, the reporting converges on expectations of “on hold” rate decisions in the US and UK, influenced by the perceived macroeconomic effects of the Iran peace developments.