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Key points
- The Federal Reserve kept its target interest-rate range at 3.50%-3.75% for a fifth consecutive meeting.
- Beth Hammack, Neel Kashkari and Lorie Logan dissented, favoring a quarter-percentage-point increase.
- The Fed said inflation remained elevated, while Chair Kevin Warsh described economic growth and employment conditions as solid.
How the story developed
A living timeline
All times shown in UTC
Latest development
The Federal Reserve announced that it would keep its policy rate at 350-375 basis points, citing inflation that remains above its 2% objective.
Latest development
The Federal Reserve left rates unchanged on Wednesday, with three voting policymakers dissenting in favor of a quarter-point increase.
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