The U.S. dollar extended gains against the euro after the Federal Reserve held the benchmark interest rate steady and projected a hike in borrowing costs later this year.

The Federal Reserve kept its key rate unchanged, but almost half of its policymakers indicated they could support a rate hike later this year.

The Federal Reserve kept its key rate unchanged Wednesday, but almost half of the central bank's policymakers indicated support for a rate hike later this year, an outcome that would disappoint President Trump.

The Federal Reserve held the benchmark interest rate steady on Wednesday and policymakers expect rising borrowing costs later this year, reflecting growing concerns about inflation above the U.S. central bank's 2% target.

The Federal Reserve held the benchmark interest rate steady on Wednesday, but policymakers expect rising borrowing costs later this year due to inflation above the U.S. central bank's 2% target.

The U.S. dollar extended gains against the euro after the Federal Reserve held the benchmark interest rate steady.

The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year, an unexpectedly aggressive outcome that would disappoint President Trump.

The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year, an unexpectedly aggressive outcome that would disappoint President Trump and suggests heightened concerns about persistent inflation.

The Federal Reserve kept its key rate unchanged Wednesday, but almost half of the central bank’s policymakers indicated support for a rate hike later this year.