The Federal Reserve held interest rates steady at a range of 3.5% to 3.75% on Wednesday. The Fed’s policy-making committee voted 9-3 to hold rates. This marked the first time since September 2016 that three Fed officials dissented in the same direction. Economists say the decision is ramping up expectations for a rate hike at the next meeting in September. Analysts warn that markets should be on alert for a hike in September, particularly as geopolitical tensions push up energy prices again.
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