Disruption in the Strait of Hormuz has put the US Federal Reserve at a crossroads
The US Central Bank faces a difficult decision: on one hand, the rising cost of living and fuel prices are putting pressure on households, and on the other hand, delaying an interest rate hike could increase the risk of escalating inflation.
Increasing interest rates could also heighten economic pressure on people, while none of these options alone can resolve the disruption in the Strait of Hormuz.
