The Federal Reserve kept its benchmark interest rate at a target range of 3.75% to 4%, with the FOMC voting 10-2. Two officials, including Governor Lisa Cook, voted for a hike. Inflation was reported at 3.7%; investors expect a possible rate increase at the Fed's December meeting.
WHO:The Federal Reserve's Federal Open Market Committee
WHAT:Kept the benchmark interest rate unchanged at 3.75% to 4%, in a 10-2 vote.
WHEN:Oct 28, 2026
WHERE:USA
WHY:The FOMC cited the need for more data in its effort to combat inflation.
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