{
  "id": 16972481,
  "title": "US Fed holds interest rates steady despite ‘too high’ inflation",
  "url": "https://urgent.news/2026/10/28/us-fed-holds-interest-rates-steady-despite-too-high-inflation-16972481",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T21:45:00.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/29/us-fed-holds-interest-rates-steady-despite-too-high-inflation"
  },
  "original_language": "en",
  "account": "The US Federal Reserve maintained its interest rates at 3.75% to 4.00% on Wednesday, despite Chairman Kevin Warsh's assertion that inflation remained \"too high.\" The 12-member Federal Open Market Committee voted 10-2 to keep rates steady, citing the need for more data to combat inflation after increasing rates for the first time in three years in September. Two members, Governor Lisa Cook and Cleveland Fed President Beth Hammack, argued for an immediate quarter-point rate hike. Energy and related prices have risen again recently, and the Fed aims to prevent this trend from spreading throughout the economy. The central bank has failed to hit its inflation target for over five years, and the ongoing conflict with Iran, along with President Trump's tariff policies, have contributed to higher prices. The decision came just six days before the Nov 3 midterm elections, during which Democrats aim to take control of Congress from Trump's Republicans. Despite the political context, Warsh emphasized that politics played no part in the Fed's decision. The Fed will meet again in early December to determine the appropriate policy stance for bringing inflation back to its 2% goal.",
  "summary": "The 12-member Federal Open Market Committee voted 10-2 to hold rates, citing the need for more data in the fight against inflation.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 11,
    "also_reported_by": [
      {
        "outlet": "The Hill",
        "title": "Watch live: Warsh speaks after Fed votes to keep interest rates steady",
        "url": "https://urgent.news/2026/10/28/watch-live-warsh-speaks-after-fed-votes-to-keep-interest-rates-steady",
        "published": "2026-10-28T18:11:32.000Z"
      },
      {
        "outlet": "The Sydney Morning Herald",
        "title": "Fed keeps rates on hold; ASX set to rise, Wall Street steady",
        "url": "https://urgent.news/2026/10/28/fed-keeps-rates-on-hold-asx-set-to-rise-wall-street-steady",
        "published": "2026-10-28T18:16:37.000Z"
      },
      {
        "outlet": "The Age",
        "title": "Fed keeps rates on hold; ASX set to rise, Wall Street steady",
        "url": "https://urgent.news/2026/10/28/fed-keeps-rates-on-hold-asx-set-to-rise-wall-street-steady-16939355",
        "published": "2026-10-28T18:16:37.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "The Fed holds interest rates steady in a split vote before midterm elections",
        "url": "https://urgent.news/2026/10/28/the-fed-holds-interest-rates-steady-in-a-split-vote-before-midterm",
        "published": "2026-10-28T18:30:32.000Z"
      },
      {
        "outlet": "Semafor",
        "title": "Fed holds rates steady despite dissents",
        "url": "https://urgent.news/2026/10/28/fed-holds-rates-steady-despite-dissents",
        "published": "2026-10-28T19:50:15.000Z"
      },
      {
        "outlet": "MarketWatch",
        "title": "Why did the Fed hold off on raising interest rates? Warsh says it’s because an ‘information rich’ period is coming.",
        "url": "https://urgent.news/2026/10/28/why-did-the-fed-hold-off-on-raising-interest-rates-warsh-says-its",
        "published": "2026-10-28T19:56:00.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Wall Street ends higher as Fed holds key rate steady, focus turns to earnings",
        "url": "https://urgent.news/2026/10/28/wall-street-ends-higher-as-fed-holds-key-rate-steady-focus-turns-to",
        "published": "2026-10-28T20:45:40.000Z"
      },
      {
        "outlet": "RTHK News - Finance",
        "title": "US stocks eye big tech earnings as Fed holds rates",
        "url": "https://urgent.news/2026/10/28/us-stocks-eye-big-tech-earnings-as-fed-holds-rates",
        "published": "2026-10-28T21:18:12.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "US stocks eye big tech earnings as Fed holds rates steady",
        "url": "https://urgent.news/2026/10/28/us-stocks-eye-big-tech-earnings-as-fed-holds-rates-steady-16975038",
        "published": "2026-10-28T21:52:00.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Wall Street ends higher as Fed holds key rate steady, focus turns to earnings",
        "url": "https://urgent.news/2026/10/28/wall-street-ends-higher-as-fed-holds-key-rate-steady-focus-turns-to-16971183",
        "published": "2026-10-28T22:07:20.000Z"
      }
    ]
  },
  "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."
}