Central Banks

Fed Holds Rates in Rare 9-3 Split Vote, Dollar Posts Worst Day in Four Weeks

The US Federal Reserve kept rates at 3.50 to 3.7% in a divided 9-3 vote, with three officials preferring a 25-bps hike. The dollar index fell around 0.5 percent toward the 100 zone as the hold raised doubts over September support for an increase. Treasury yields also moved lower after the decision.