According to Axios, Fed holds rates steady amid the most dissents in decades.
The Federal Reserve maintained the federal funds rate within the 4.25-4.50 percent range following its FOMC meeting on Wednesday, with Chair Jerome Powell emphasizing a balanced outlook on inflation and employment.
The decision came amid notable dissent, with hawkish members advocating for a rate hike and dovish members expressing concerns over economic slowdowns.
Markets reacted swiftly to the outcome, with the S&P 500 index showing a muted response as investors digested the central bank's cautious stance.