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US Fed holds rates unchanged over 'uncertain' Iran war implications

Federal Reserve chief Jerome Powell has a dual mandate to keep inflation near two percent and maintain maximum employment.

Photo for story: Federal Reserve chief Jerome Powell has a dual mandate to keep inflation near two percent and maintain maximum employmentAFP Photo by SAUL LOEB

Middle East war: global economic fallout

Motorists queue at a petrol station in Luang Prabang, Laos, following import disruptions caused by the Middle East war.

Photo for story: Motorists queue at a petrol station in Luang Prabang, Laos, following import disruptions caused by the Middle East warAFP Photo by STR
  • Judge extends Texas school voucher application deadline after lawsuit over exclusion of Islamic schools

    A judge ruled Tuesday to extend the application deadline for the Texas school voucher program after four Muslim parents and three private schools sued Texas leaders, alleging Islamic private schools were excluded from participating in the state’s program.
  • MARCH MADNESS: Tramon Mark’s legacy-defining bucket extends Texas’ dance in 68-66 victory

    We have the Houston Cougars continuing their dynastic March run as a No. 2 seed, a couple of mid-ranking contenders in Texas Tech and TCU, and three double-digit seeds looking to shock the world in Texas A&M, Texas, and SMU.
  • Community groups push back after HPD’s Community Affairs Division shuts down

    Community leaders and civil rights advocates are speaking out after a major change inside the Houston Police Department that they say could impact trust between officers and the public.
  • Government shutdown leaves TSA workers unpaid as airport delays grow, airline CEOs: ‘simply unacceptable’

    Airline CEOs are urging Congress to address the impact of the government shutdown, which has left TSA workers unpaid, leading to significant airport delays. With TSA officers receiving no paychecks and increased absenteeism, security lines are lengthening, and airlines are struggling to manage the situation during peak travel periods. The CEOs emphasize the urgency of the issue, advocating for legislative solutions to ensure aviation personnel are compensated during shutdowns, warning that without action, travel disruptions will persist.
  • Airfare could rise as fuel surge poses ‘existential threat’ to airlines

    A surge in jet fuel prices, driven by geopolitical tensions in Iran, is exerting financial pressure on airlines, potentially leading to fewer flights and higher ticket prices. Deutsche Bank reports that low-cost carriers may struggle more than full-service airlines due to their reliance on price-sensitive travelers. Concurrently, staffing disruptions at airports, exacerbated by a Department of Homeland Security funding lapse, are causing significant delays, especially as airlines anticipate a record 171 million travelers during the spring season. The combined effects of rising fuel costs and federal staffing issues may impact travel plans and costs, notably for Houston-area travelers on long-haul and international routes.

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