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The Federal Reserve is leaving its benchmark interest rate unchanged for the third straight meeting.
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Oil prices shot up again because of the war with Iran, tightening their grip on the global economy and sending stock markets sharply lower.
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The Federal Reserve pushed the pause button on its interest rate cuts, leaving its key rate unchanged after lowering it three times last year.
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Federal Reserve Chair Jerome Powell will attend the Supreme Court's oral argument Wednesday.
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It would be the third cut in a row and bring the Fed's key rate to about 3.6%, the lowest in nearly three years.
What’s more important will be what Fed officials say about the probability of more cuts.
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U.S. employers added just 22,000 jobs last month as the labor market continued to cool under uncertainty over President Trump’s economic policies.
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The unemployment rate ticked up to 4.2%.
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The disagreement surfaced during a tour of the unfinished project on Thursday.
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The officials are set to reduce their benchmark rate by a quarter-point to about 4.3% when their meeting ends Wednesday.