The Federal Reserve keeps its benchmark federal funds rate unchanged, with the Federal Open Market Committee voting 9–3 to leave the rate in a target range of 3.5% to 3.75%. Multiple reports describe the decision as split within the committee: nine members support maintaining current policy, while three members vote in favor of increasing rates. The move signals that, despite growing support among some policymakers for tightening monetary policy, the majority opts to keep the current stance. The decision is reported as coming from the Fed’s regular meeting of the FOMC, the body responsible for setting short-term interest rate targets. Sources agree on the outcome of the vote and the level of the target range after the meeting. No additional policy details or reasons for the dissenting votes are provided in the excerpts, but the division reflects differing views among committee members on whether additional rate increases are warranted at this time.