{
  "id": 16953853,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T19:49:45.000Z",
  "source": {
    "name": "Business Insider",
    "slug": "business-insider",
    "url": "https://www.businessinsider.com/october-fed-meeting-fomc-what-smart-people-are-saying-2026-10"
  },
  "original_language": "en",
  "account": "Federal Reserve Chair Kevin Warsh announced that the Federal Reserve would be holding interest rates steady on Wednesday, following a 10-2 vote where only two officials voted for a 25 basis point hike. The decision to maintain rates came as a surprise to many, as many had anticipated a rate increase. Federal Reserve Chair Kevin Warsh stated that the central bank's goal is to achieve price stability and lower inflation. The period ahead of them is rich with information, and Warsh said they will be able to figure out the appropriate protocol to deliver price stability. The decision to hold rates came less than a week before the US midterm elections, where voters' concerns about affordability, energy, and oil prices are fresh on their minds. Despite the election timing, Fed Chair Warsh emphasized that politics played no role in the decision. Investors and analysts are reacting to the hold, with most expecting another rate hike in December. Some, like Kay Haigh, global head and chief investment officer of fixed income and liquidity solutions at Goldman Sachs Asset Management, believe the Fed will resume rate hikes in December to address the remaining upside inflation risks. Others, like Steve Rick, chief economist at TruStage, believe the Fed's decision to keep rates steady was the right one given the economic data and the need to gauge the impact of higher rates on consumer spending and business investment.",
  "summary": "The Fed held rates steady as expected, buying time for more data. Yet, many still expect a rate hike in December.",
  "key_points": [],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/16953853.png",
  "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": "South China Morning Post",
        "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",
        "published": "2026-10-28T18:37:06.000Z"
      },
      {
        "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": "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."
}