{
  "id": 16963441,
  "title": "US Federal Reserve holds rates steady, as expected",
  "url": "https://urgent.news/2026/10/28/us-federal-reserve-holds-rates-steady-as-expected",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T21:01:25.000Z",
  "source": {
    "name": "RTHK News - Finance",
    "slug": "rthk-news-finance",
    "url": "https://news.rthk.hk/rthk/en/component/k2/1875699-20261029.htm"
  },
  "original_language": "en",
  "account": "On Wednesday, the US Federal Reserve maintained its interest rates as anticipated, delaying a potential increase. The US central bank opted to keep its benchmark rate within a 3.75 percent to 4.00 percent range during a 10-2 vote, acknowledging that inflation remains high. The Federal Open Market Committee stated in its policy statement that additional information would aid them in deciding the suitable policy approach to bring inflation back to its 2 percent target. Fed Governor Lisa Cook and Cleveland Fed President Beth Hammack each dissented, favoring a quarter-percentage-point rate hike, similar to their stance in July. This policy update marks a shift from the September meeting, hinting at a potential change in guidance, while avoiding the forward guidance approach advocated by Fed Chairman Kevin Warsh. The Fed upgraded its assessment of the US economy from \"solid\" to \"strong,\" noting robust investment and steady job growth.",
  "summary": "The Federal Reserve held interest rates steady on Wednesday, awaiting further data on the path of inflation. In a 10-2 decision, the US central bank said it would maintain its benchmark interest rate within the current 3.75 percent and 4.00 percent range, while acknowledging that inflation \"remains elevated,\" upgrading its assessment of the economy and hinting that further rate hikes may be…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 9,
    "also_reported_by": [
      {
        "outlet": "The Hill",
        "title": "Federal Reserve holds interest rates steady in face of persistent inflation",
        "url": "https://urgent.news/2026/10/28/federal-reserve-holds-interest-rates-steady-in-face-of-persistent",
        "published": "2026-10-28T18:05:47.000Z"
      },
      {
        "outlet": "Ajel English",
        "title": "US Federal Reserve holds interest rates steady at 4.00%",
        "url": "https://urgent.news/2026/10/28/us-federal-reserve-holds-interest-rates-steady-at-4-00",
        "published": "2026-10-28T18:09:11.000Z"
      },
      {
        "outlet": "El Pais English",
        "title": "The Federal Reserve leaves interest rates unchanged less than a week before the midterms",
        "url": "https://urgent.news/2026/10/28/the-federal-reserve-leaves-interest-rates-unchanged-less-than-a-week",
        "published": "2026-10-28T18:24:17.000Z"
      },
      {
        "outlet": "Hindustan Times - World News",
        "title": "US Federal Reserve leaves interest rates unchanged after September hike",
        "url": "https://urgent.news/2026/10/28/us-federal-reserve-leaves-interest-rates-unchanged-after-september",
        "published": "2026-10-28T19:01:09.000Z"
      },
      {
        "outlet": "Times of India",
        "title": "US Federal Reserve keeps rates unchanged, leaves door open to further hikes",
        "url": "https://urgent.news/2026/10/28/us-federal-reserve-keeps-rates-unchanged-leaves-door-open-to-further",
        "published": "2026-10-28T19:09:25.000Z"
      },
      {
        "outlet": "CBS News",
        "title": "Federal reserve holds interest rates steady despite high inflation",
        "url": "https://urgent.news/2026/10/28/federal-reserve-holds-interest-rates-steady-despite-high-inflation",
        "published": "2026-10-28T21:36:04.000Z"
      },
      {
        "outlet": "The Mainichi",
        "title": "Federal Reserve keeps rates unchanged despite elevated inflation",
        "url": "https://urgent.news/2026/10/28/federal-reserve-keeps-rates-unchanged-despite-elevated-inflation",
        "published": "2026-10-28T22:34:19.000Z"
      },
      {
        "outlet": "SCMP Business",
        "title": "Hong Kong holds base rate at 4.25% after US Federal Reserve decision",
        "url": "https://urgent.news/2026/10/28/hong-kong-holds-base-rate-at-4-25-after-us-federal-reserve-decision",
        "published": "2026-10-28T23:09:59.000Z"
      }
    ]
  },
  "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."
}