Part 5/9:
The stakes are high, with both nations holding an estimated 160-170 nuclear warheads. Any miscalculation could escalate into a catastrophic nuclear confrontation, posing severe economic repercussions not just in South Asia but worldwide.
Federal Reserve's Cautious Stance
Turning our attention to the United States, Federal Reserve Chair Jerome Powell announced that the central bank is in no hurry to adjust interest rates amidst the uncertain economic environment shaped by President Trump’s tariff policies. The Fed has maintained its benchmark federal funds rate in a range of 4.25% to 4.5%, unchanged since December of last year.