Three policymakers “preferred” a quarter-percentage-point hike. Read more at straitstimes.com. Read more at straitstimes.com.

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…

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.