Federal Reserve holds rates steady despite concerns over inflation
The central bank signaled it may raise rates again in December as inflation stays above target and officials seek more data.
- 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.
269 Articles
269 Articles
US Federal Reserve decided to leave the interest rates stable, in the range of 3.75 and 4%, despite the fact that inflation remains high
Washington, 28 Oct (EFE).- The Federal Reserve of the United States held interest rates unchanged on Wednesday, which ranged from 3.75 to 4%, a decision that was taken with the vote in favour of 10 of the 12 members of the Federal Open Market Committee (FOMC) [...] The entry The Federal Reserve keeps the rates unchanged at 3.75-4 % was first published in HolaNews.
The Federal Reserve (Fed) of the United States held interest rates unchanged this Wednesday, which are in a range between 3.75% and 4%, a decision that was made with the vote in favor of 10 of the 12 members of the Federal Open Market Committee (FOMC) and that is in ... Continue reading "Federal Reserve maintains the rates: expectations of next rise open and dollar rises in Chile"
Fed holds rates steady as it awaits ‘accumulation of more information’ - Regional Media News
By Howard Schneider WASHINGTON, Oct 28 (Reuters) - The Federal Reserve held interest rates steady on Wednesday, as expected, opting to delay any changes to borrowing costs until after next week's US midterm elections and awaiting further data on the path of inflation. In a [...]
The U.S. Federal Reserve leaves its key rates in a range of 3.75% to 4%. It did not want to make a decision that would have been considered political. The Bank of Canada, on the other hand, raises its rateThe U.S. Federal Reserve (Fed) unsurprisingly opted on Wednesday for the status quo on its key rates for a few days of U.S. elections largely centered on inflation that the institution is in charge of fighting.The decision was not unanimous: th…
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