Nasdaq 100 enters correction as three Fed officials back rate hike

Three of 12 US Federal Reserve officials voted for a rate rise.

The US Federal Reserve left interest rates unchanged on Wednesday in a range of 3.5% to 3.75%, the fifth consecutive meeting without a move, in a decision that exposed an unusual internal split and left the door open to tightening in September.

The Federal Reserve held rates steady as the majority of FOMC members voted to hold rates unchanged, with three members dissenting in favor of a rate hike. This is the fifth straight meeting where fed officials have elected to leave rates unchanged. Talking to reporters, Fed Chair Kevin Warsh reiterated his goal to bri