Federal Reserve officials left interest rates unchanged, but a fractured vote signalled growing conviction among some policymakers that higher rates are needed to curb resurgent inflation.
The Federal Open Market Committee voted 9-3 to hold the benchmark federal funds rate in a range of 3.5% to 3.75%. Dallas Fed President Lorie Logan, Cleveland's Beth Hammack and Minneapolis Fed chief Neel Kashkari dissented in favor of raising rates by a quarter percentage point.
