Fed split clouds rate forecasts (opens original article in a new tab)

The Federal Reserve kept interest rates unchanged but showed division among policymakers about future hikes, with some expecting stability and others potential increases, causing market uncertainty as the central bank shifts to data-driven decisions and communication changes.

• Federal Reserve kept benchmark interest rate unchanged at 3.50-3.75%
• Policymakers split on potential rate hikes with nine supporting hikes and nine keeping rates steady
• Fed's shift to data-driven decisions and communication changes caused market uncertainty