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.

The US Fed will announce its interest rate decision on July 30 at 2 PM ET, with Chair Jerome Powell addressing the media at 2:30 PM ET. While rates are expected to remain unchanged, markets await signals on future policy.