# China land reform

Fed Holds Rates, Markets Slip as Middle East Strikes and China Policy Moves Add Fresh Uncertainty

The Federal Reserve kept interest rates steady, calling the current policy stance appropriate, while U.S. stock indices fell as geopolitical strikes in the Middle East pushed oil prices higher. Simultaneously, Beijing rolled out a 30-year rural land-contract extension pilot and domestic corporate and cloud-pricing shifts signalled evolving pressures in China’s economy.