The Federal Reserve held interest rates steady on Wednesday in a split decision that gave little indication of when borrowing costs might be lowered and drew dissents from two of the U.S. central bank's governors,

The Fed is maintaining its benchmark interest rate in the range of 4.25% to 4.5%, where it's been parked since December.

Welcome to our TOPLive blog on the Federal Open Market Committee’s interest-rate decision. Join us starting at 1:45 p.m. New York time, 15 minutes before the statement is released, for news, analysis and market reaction. Federal Reserve Chair Jerome Powell is scheduled to hold a news conference at 2:30 p.m.