The Federal Reserve held rates steady, but three dissents exposed a rare policy split. Markets now see an 80% chance of a September rate hike.

The central bank appeared divided over future interest rate moves.

The US Federal Reserve left interest rates unchanged on Wednesday in a range of 3.5% to 3.75%, the fifth consecutive meeting without a move, in a decision that exposed an unusual…

Investors had largely expected that the Fed would hold interest rates steady, given ongoing concerns with high inflation.