The Fed rate decision to hold at 3.50%-3.75% saw a rare three-way hawkish dissent. Brazil's Ibovespa fell 1.5% while currencies showed mixed reactions.

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.

Fed holds rates at 3.75% in 9-3 vote as three officials push for a hike amid Middle East driven inflation.