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At this point, a weakened Tehran might accept a face-saving deal and sanctions relief to avert a US attack

“It was a big question mark with a lot of our stakeholders,” said Mostapha Tahiri, executive vice president and chief operating officer at State Street.

The Federal Reserve’s quarterly projection included lower growth and higher inflation; the Fed also maintained its previous expectation of two interest rate cuts.

Nationgate generated $1.6 billion in revenue last year, high enough to place it at No. 243 on the Southeast Asia 500.

Faced with a blurry forecast for the U.S. economy, the Federal Reserve continued its pattern of keeping interest rates at their current levels.