The Fed now thinks inflation will take even longer to return to the goal, as stubborn inflation, rising rates, and economic uncertainty persist.

Heating costs are set to rise at twice the pace of inflation, a report showed.

By Francesco Canepa FRANKFURT, Sept 18 (Reuters) - The prospect of a new global interest rate-tightening cycle is coming into view as some of the world's top central banks raise rates and signal more may be needed to tame inflation fuelled by the Iran war.

Raphael Bostic, former Atlanta Fed president, joins 'Squawk on the Street' to discuss the latest Federal Reserve decision, energy's impact on inflation and much more.

The Iran war’s net impact on the insurance sector remains earnings-neutral to slightly positive. While broad property and casualty (P&C) insurers insulation themselves through strict policy exclusions, specialized marine, aviation, and energy underwriters captured historic revenue windfalls.

By Andy Bruce and David Milliken LONDON, Sept 17 (Reuters) - The Bank of England kept interest rates on hold on Thursday but warned they might have to go up if the Iran war drags on, while predicting British inflation will top 4% early next year.

The reading comes a day before the Bank of England updates its monetary policy.