{
  "id": 16944550,
  "title": "US Fed holds interest rates steady despite surging inflation",
  "url": "https://urgent.news/2026/10/28/us-fed-holds-interest-rates-steady-despite-surging-inflation",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T18:37:06.000Z",
  "source": {
    "name": "South China Morning Post",
    "slug": "south-china-morning-post",
    "url": "https://www.scmp.com/news/world/united-states-canada/article/3372489/us-fed-holds-interest-rates-steady-despite-surging-inflation"
  },
  "original_language": "en",
  "account": null,
  "summary": "The US Federal Reserve on Wednesday held interest rates steady, in line with market expectations, days ahead of crucial midterm elections where surging inflation has been a key issue. The 12-member Federal Open Market Committee voted 10-2 to hold rates at a target range between 3.75 to 4.00 per cent, citing the need for more data in the fight against inflation, after having hiked for the first…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "Forbes",
        "title": "Fed Holds Interest Rates Despite High Inflation Data As Midterms Loom",
        "url": "https://urgent.news/2026/10/28/fed-holds-interest-rates-despite-high-inflation-data-as-midterms-loom",
        "published": "2026-10-28T18:11:34.000Z"
      },
      {
        "outlet": "Moneyweb",
        "title": "Fed holds rates",
        "url": "https://urgent.news/2026/10/28/fed-holds-rates",
        "published": "2026-10-28T18:33:31.000Z"
      },
      {
        "outlet": "Bangkok Post Business",
        "title": "US Fed holds interest rates steady despite surging inflation",
        "url": "https://urgent.news/2026/10/28/us-fed-holds-interest-rates-steady-despite-surging-inflation-16964938",
        "published": "2026-10-28T18:45:00.000Z"
      },
      {
        "outlet": "Al Jazeera",
        "title": "Fed leaves interest rates unchanged despite inflation in the US",
        "url": "https://urgent.news/2026/10/28/fed-leaves-interest-rates-unchanged-despite-inflation-in-the-us",
        "published": "2026-10-28T19:05:44.000Z"
      },
      {
        "outlet": "Business Insider",
        "title": "What smart people are saying after the Fed held rates steady",
        "url": "https://urgent.news/2026/10/28/what-smart-people-are-saying-after-the-fed-held-rates-steady",
        "published": "2026-10-28T19:49:45.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "S&P 500, Dow rise for third consecutive day after Fed holds steady on rates: Live updates",
        "url": "https://urgent.news/2026/10/28/s-p-500-dow-rise-for-third-consecutive-day-after-fed-holds-steady-on",
        "published": "2026-10-28T20:10:13.000Z"
      },
      {
        "outlet": "Yonhap News",
        "title": "(2nd LD) Fed holds key interest rate steady; Warsh says inflation 'too high'",
        "url": "https://urgent.news/2026/10/28/2nd-ld-fed-holds-key-interest-rate-steady-warsh-says-inflation-too",
        "published": "2026-10-28T20:29:06.000Z"
      }
    ]
  },
  "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."
}