The central bank held the main interest rate steady as inflation remained elevated due to supply shocks across sectors such as energy.

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.

The Federal Reserve decided to keep its benchmark interest rate unchanged at 3.5%-3.75% for now, a decision that was widely expected.