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Divided Fed aims for clarity but could create confusion

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Fed will try to avoid market volatility

The Fed is expected to hold interest rates steady Wednesday, but leave the door open to future rate hikes in a carefully crafted statement.

But the Fed statement is also expected to reveal that at least two board members disagree with the central bank's inaction. Those dissents illustrate the divide on the Fed board that has shown up in conflicting comments from Fed officials and could add to volatility in the markets.

"The problem is you've got disagreement. The gap has widened," said Diane Swonk, CEO of DS Economics. "You've got dissents. When you have dissents, you have volatility."

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