Federal Reserve holds rates steady despite concerns over inflation
Policymakers cited elevated inflation and said they need more data before deciding whether another increase is needed.
- On Wednesday, October 28, 2026, the Federal Reserve held interest rates steady within the 3.75%-4.00% range in a 10-2 decision, delaying any changes until after the November 3 midterm elections.
- The central bank has missed its 2% goal for five and a half years, straining households and businesses with sustained price increases that policymakers sought more data to combat.
- Cleveland Fed President Beth Hammack and Fed Governor Lisa Cook dissented, calling for an immediate 0.25-percentage-point hike, while the committee upgraded its economic assessment to 'strong' from 'solid.'
- The decision comes six days before the November 3 midterm elections, where Democrats and Republicans vie for control of Congress amid inflation remaining a central campaign issue.
- President Donald Trump has challenged the Fed's independence during his second term, and the White House recently renewed efforts to remove Governor Cook despite a Supreme Court decision against an earlier attempt.
422 Articles
422 Articles
Fed rate decision keeps benchmark at 3.75%–4%, with two dissenters seeking a hike - FINCHANNEL
The Fed rate decision on October 28 left the benchmark federal funds target unchanged at 3.75%–4%, but two policymakers voted for a quarter-percentage-point increase. The Federal Open Market Committee approved the action 10–2, according to its statement released Wednesday. Lisa Cook and Beth Hammack dissented because they preferred higher rates, not a reduction. The committee […]
Fed Holds Interest Rates Steady at Final Meeting Before Election
The Federal Reserve held interest rates steady Wednesday at its final monetary policy meeting before the midterm elections, despite mounting inflationary pressures that have pushed consumer and wholesale prices sharply higher since September. The Federal Open Market Committee (FOMC) maintained its benchmark federal funds rate at a target range of 3.75% to 4.00%, pausing after raising rates by 25 basis points in September for the first time since…
The Daily Star
The bond market swings, but US stocks remain steady after the Fed says it won't raise interest rates
The bond market swung, while U.S. stocks ticked higher after the Federal Reserve decided not to raise its main interest rate to bring down high inflation. The S&P 500 rose 0.3% Wednesday. The Dow Jones Industrial Average added 0.2%, and…
The US central bank, the Federal Reserve, is leaving the interest rate unchanged. However, Chairman Kevin Warsh does not rule out the possibility that interest rates may be raised further soon due to high inflation. Last month, Warsh raised interest rates for the first time in over three years. The rate was raised from 3.5 to 3.75 percent to 3.75 to 4 percent to curb inflation in the United States. Due to high oil prices, inflation continues to …
While the price rise remains well above its target, the US central bank left its monetary policy unchanged on Wednesday 28 October, less than a week before the mid-term elections.
How major US stock indexes fared Wednesday 10/28/2026 – WTOP News
The bond market swung, while U.S. stocks held relatively steady after the Federal Reserve decided not to raise its main interest rate to bring down high inflation. The S&P 500 rose 0.3% Wednesday. The Dow Jones Industrial Average added 0.2%, and the Nasdaq composite rose 0.3%. In the bond market, the two-year Treasury yield initially...
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