{
  "id": 16937109,
  "title": "US Fed keeps rates unchanged despite elevated inflation, gives little signal of next move",
  "url": "https://urgent.news/2026/10/28/us-fed-keeps-rates-unchanged-despite-elevated-inflation-gives-little",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T18:32:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/world/20261029/us-fed-keeps-rates-unchanged-despite-elevated-inflation-gives-little-signal-of-next-move"
  },
  "original_language": "en",
  "account": "On Wednesday, the Federal Reserve maintained its benchmark interest rate at around 3.9 percent, despite facing high levels of inflation. The central bank offered minimal clues as to the direction of its future actions.\n\nIn a statement released following its two-day policy meeting, the Fed confirmed that inflation continues to exceed its desired level. By refraining from raising rates, the central bank aims to gather additional data that will inform its decisions on how to bring inflation back down to its 2 percent target, according to the statement.\n\nChairman Kevin Warsh presided over the Federal Reserve, which increased rates for the first time in three years last month, defying President Donald Trump's calls for rate cuts. The Fed's mandate is to address inflation, and it does so by raising rates to curb borrowing, spending, and price increases.\n\nTwo dissenting voices were present at Wednesday's decision. Fed Governor Lisa Cook and Federal Reserve Bank of Cleveland President Beth Hammack voted against maintaining the existing rate.",
  "summary": "WASHINGTON — The Federal Reserve kept its key rate unchanged Wednesday at about 3.9 percent despite elevated inflation, while providing little hint about the central bank’s next moves. “Inflation remains elevated,” the Fed said in a statement released after its two-day policy meeting. Holding off on an increase will allow “the accumulation of more information” that will help determine what policy…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 9,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "New Zealand Dollar drops sharply as RBNZ leaves rates unchanged ahead Fed decision",
        "url": "https://urgent.news/2026/10/28/new-zealand-dollar-drops-sharply-as-rbnz-leaves-rates-unchanged-ahead",
        "published": "2026-10-28T17:03:59.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "Fed leaves rates unchanged: What it means for credit cards, mortgages, auto loans and savings accounts",
        "url": "https://urgent.news/2026/10/28/fed-leaves-rates-unchanged-what-it-means-for-credit-cards-mortgages",
        "published": "2026-10-28T18:01:17.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "U.S. stocks are mixed after Fed keeps interest rates unchanged",
        "url": "https://urgent.news/2026/10/28/u-s-stocks-are-mixed-after-fed-keeps-interest-rates-unchanged",
        "published": "2026-10-28T18:12:19.000Z"
      },
      {
        "outlet": "Business Standard IN",
        "title": "Fed keeps interest rates unchanged, awaits more data on inflation",
        "url": "https://urgent.news/2026/10/28/fed-keeps-interest-rates-unchanged-awaits-more-data-on-inflation",
        "published": "2026-10-28T18:13:23.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "US Fed leaves rates unchanged as it awaits ‘accumulation of more information’",
        "url": "https://urgent.news/2026/10/28/us-fed-leaves-rates-unchanged-as-it-awaits-accumulation-of-more",
        "published": "2026-10-28T18:43:31.000Z"
      },
      {
        "outlet": "Gulf Times Business",
        "title": "Fed leaves rates unchanged as it awaits 'accumulation of more information'",
        "url": "https://urgent.news/2026/10/28/fed-leaves-rates-unchanged-as-it-awaits-accumulation-of-more",
        "published": "2026-10-28T18:44:00.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Fed leaves rates unchanged as it awaits ’accumulation of more information’",
        "url": "https://urgent.news/2026/10/28/fed-leaves-rates-unchanged-as-it-awaits-accumulation-of-more-16945435",
        "published": "2026-10-28T19:24:44.000Z"
      },
      {
        "outlet": "ABC News AU",
        "title": "Live: US Fed holds rates unchanged, chance of local rise more than 75pc",
        "url": "https://urgent.news/2026/10/28/live-us-fed-holds-rates-unchanged-chance-of-local-rise-more-than-75pc",
        "published": "2026-10-28T20:23:36.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}