Fed holds rates steady as three policymakers dissent for a hike
SPY•Markets turn mixed after the decision
STOCKS: The S&P 500 .SPX pared declines and was last down 0.24%.
BONDS: The yield on benchmark U.S. 10-year notes US10YT=RR was last up 3.9 basis points to 4.643%.
FOREX: The dollar index =USD fell and was last down 0.49% to 100.92.
Fed holds rates steady with three dissents
NEW YORK, July 29 (Reuters) - The Federal Reserve held interest rates steady on Wednesday, a choice that may intensify questions about how U.S. central bank chief Kevin Warsh will deliver on his commitment to bring inflation back down to the 2% target.
The decision to leave the benchmark interest rate in the 3.50%-3.75% range drew dissents from three of the 12 members of the policy-setting Federal Open Market Committee who "preferred" a quarter-percentage-point hike at this meeting.
