The move lifted the Fed’s benchmark short-term rate from roughly 5.1% to 5.3% — its highest level in 22 years.

For the first time in 15 months, the Federal Reserve has kept its key interest rate unchanged.

Pending home sales have dipped, and economists expect the market to continue to droop.

Some economists and policy advisers fear that the Federal Reserve’s rapid hikes could tip the global economy into a painful recession.

The Fed now foresees four rate hikes this year, up from the three it had previously forecast.

But wages are starting to rise, Chair Janet Yellen says.