{
  "id": 16938976,
  "title": "Fed holds interest rates steady even as inflation remains high",
  "url": "https://urgent.news/2026/10/28/fed-holds-interest-rates-steady-even-as-inflation-remains-high",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T18:37:50.000Z",
  "source": {
    "name": "CBS News",
    "slug": "cbs-news",
    "url": "https://www.cbsnews.com/news/federal-reserve-holds-interest-rates-steady-inflation/"
  },
  "original_language": "en",
  "account": "On Wednesday, the Federal Reserve maintained its interest rates at a target range of 3.75% to 4%, despite inflation remaining high. This decision followed a September hike in borrowing costs for the first time in three years. The central bank acknowledged that economic activity is growing strongly, but inflation remains elevated. Fed Chairman Kevin Warsh will discuss the decision at a press conference later in the day. The Federal Open Market Committee voted 10-2 to keep the benchmark rate steady, with two members voting to raise it. Economists and financial markets anticipate the Fed will raise rates in December and again in 2027. Factors such as the Iran war and high energy costs have contributed to elevated inflation, making it challenging to achieve the Fed's 2% inflation target. While the Fed is holding rates steady for now, consumers may face higher borrowing costs in the future, particularly during the holiday shopping season.",
  "summary": "The U.S. central bank left borrowing costs unchanged this month after hiking rates in September for the first time in three years.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 10,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Fed on hold? Two discounted blue chips built for high rates",
        "url": "https://urgent.news/2026/10/28/fed-on-hold-two-discounted-blue-chips-built-for-high-rates",
        "published": "2026-10-28T14:53:33.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "US Fed expected to hold rates steady ahead of key midterm elections",
        "url": "https://urgent.news/2026/10/28/us-fed-expected-to-hold-rates-steady-ahead-of-key-midterm-elections",
        "published": "2026-10-28T16:23:09.000Z"
      },
      {
        "outlet": "Financial Times",
        "title": "Fed to decide on interest rates as US midterm elections loom",
        "url": "https://urgent.news/2026/10/28/fed-to-decide-on-interest-rates-as-us-midterm-elections-loom",
        "published": "2026-10-28T16:51:06.000Z"
      },
      {
        "outlet": "CoinDesk",
        "title": "Fed leaves interest rates unchanged, as expected",
        "url": "https://urgent.news/2026/10/28/fed-leaves-interest-rates-unchanged-as-expected-16937662",
        "published": "2026-10-28T18:00:42.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "Fed leaves interest rates unchanged, as expected",
        "url": "https://urgent.news/2026/10/28/fed-leaves-interest-rates-unchanged-as-expected",
        "published": "2026-10-28T18:01:21.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Fed holds rates steady as it awaits 'accumulation of more information'",
        "url": "https://urgent.news/2026/10/28/fed-holds-rates-steady-as-it-awaits-accumulation-of-more-information",
        "published": "2026-10-28T18:18:28.000Z"
      },
      {
        "outlet": "WSJ Economy",
        "title": "The Fed held rates steady, but two officials dissented in favor of an increase, including governor Lisa Cook. A December hike remains widely expected",
        "url": "https://urgent.news/2026/10/28/the-fed-held-rates-steady-but-two-officials-dissented-in-favor-of-an",
        "published": "2026-10-28T18:19:00.000Z"
      },
      {
        "outlet": "Fortune",
        "title": "Fed holds rates steady days before the midterms, even as inflation runs hot",
        "url": "https://urgent.news/2026/10/28/fed-holds-rates-steady-days-before-the-midterms-even-as-inflation",
        "published": "2026-10-28T18:23:00.000Z"
      },
      {
        "outlet": "Financial Post",
        "title": "Fed holds interest rates steady despite surging inflation",
        "url": "https://urgent.news/2026/10/28/fed-holds-interest-rates-steady-despite-surging-inflation",
        "published": "2026-10-28T18:51:49.000Z"
      }
    ]
  },
  "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."
}