Federal Reserve officials are expected to keep interest rates unchanged despite elevated inflation, saying there is time to address it and avoiding a move so close to the midterm election. The Fed’s stated target is 2% inflation; it typically raises short-term rates to cool spending and inflation over time.
WHO:Federal Reserve officials
WHAT:Federal Reserve officials are expected to hold interest rates steady.
WHEN:Reported Oct 27, 2026 at 6:36 PM ET
WHERE:USA
WHY:Officials believe there is time to address inflation and want to avoid changing rates so close to an election.
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