Three Fed presidents dissented from the July 29 rate hold, warning inflation above the 2% target for five years demands action. Here's what it

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

The Federal Reserve held rates at 3.5%-3.75% for a fifth straight meeting, but 4.1% inflation and 80% market odds of a September hike loom over

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