The U.S. Federal Reserve held interest rates at 3.75% to 4% at its most recent meeting, despite rising inflation. The Federal Open Market Committee voted 10-2 to keep its target rate unchanged, citing the need for more information in its fight against inflation.
WHO:The U.S. Federal Reserve, through the Federal Open Market Committee
WHAT:Held its target interest rate at 3.75% to 4%, with a 10-2 vote.
WHEN:Reported Oct 28, 2026 at 3:05 PM ET
WHERE:USA
WHY:The Fed cited the need for more information in its fight against inflation.
How this story developed (showing 2 of 2 earlier reports)
