The Federal Reserve on Wednesday held interest rates steady as policymakers continued to navigate an increasingly uncertain inflation picture.

The central bank appeared divided over future interest rate moves in its previous meeting.

The central bank appeared divided over future interest rate moves.

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

Three Fed bank presidents wanted to hike interest rates

NEW YORK - The US Federal Reserve on Wednesday kept the target range for the federal funds rate unchanged at 3.5 to 3.75 percent, as widely expected by the market.