{
  "id": 16974776,
  "title": "Federal Reserve keeps rates unchanged despite elevated inflation",
  "url": "https://urgent.news/2026/10/28/federal-reserve-keeps-rates-unchanged-despite-elevated-inflation",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T22:34:19.000Z",
  "source": {
    "name": "The Mainichi",
    "slug": "the-mainichi",
    "url": "https://mainichi.jp/english/articles/20261029/p2g/00m/0bu/008000c"
  },
  "original_language": "en",
  "account": "The Federal Reserve decided to keep its key interest rate at about 3.9% on Wednesday, despite high inflation, according to a statement released after its two-day meeting. Chairman Kevin Warsh indicated that the Fed's policies are already showing some impact. The central bank's decision was made after raising its benchmark rate by a quarter-point last month for the first time in three years. The Fed aims to combat inflation by raising rates to reduce borrowing and spending, thereby slowing price increases. While Warsh did not disclose future plans, economists expect another quarter-point increase at the Fed's next meeting on December 8-9. However, the Fed decided not to hike rates further, citing factors such as the rapid buildout of artificial intelligence infrastructure and higher energy prices that may be difficult to control with higher interest rates.",
  "summary": "WASHINGTON (AP) -- The Federal Reserve kept its key rate unchanged Wednesday at about 3.9% despite stubbornly high inflation, as Chairman Kevin Warsh",
  "key_points": [],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/16974776.png",
  "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": "RTHK News - Finance",
        "title": "US Federal Reserve holds rates steady, as expected",
        "url": "https://urgent.news/2026/10/28/us-federal-reserve-holds-rates-steady-as-expected",
        "published": "2026-10-28T21:01:25.000Z"
      },
      {
        "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": "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."
}