37 publishers · first seen Wed, 28 Oct 2026 13:53 UTC · updated Fri, 30 Oct 2026 21:23 UTC
The Federal Reserve kept its benchmark interest rate unchanged at 3.75%‑4% as the committee voted 10‑2 to hold rates steady, with Governor Lisa Cook and Cleveland Fed President Beth Hammack dissenting for a rate increase. The Fed said inflation remains elevated and indicated a possible hike at the December meeting.
Earlier data showed the Personal Consumption Expenditures price index rose 0.5% in September and core inflation increased 3.1% year‑on‑year, supporting expectations of a rate move. Fed Chairman Kevin Warsh noted the need for more information before the next decision and announced a change to the meeting schedule starting in 2027.
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