{
  "id": 16975879,
  "title": "Fed leaves rates unchanged",
  "url": "https://urgent.news/2026/10/28/fed-leaves-rates-unchanged",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T23:31:10.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40446433/fed-leaves-rates-unchanged"
  },
  "original_language": "en",
  "account": "The Federal Reserve decided to keep interest rates unchanged on Wednesday, as anticipated, with the intention to postpone any adjustments until after the upcoming US midterm elections. The central bank opted to wait for additional data pertaining to the trajectory of inflation.\n\nThe Federal Open Market Committee, which comprises the seven members of the Federal Reserve Board and the president of the Federal Reserve Bank of New York, maintained the targeted range for the federal funds rate between 3.75 percent and 4.00 percent. The committee's assessment of the economy was upgraded from \"solid\" to \"strong.\" They acknowledged that inflation remains \"elevated\" and hinted at the possibility of further rate hikes depending on inflation's performance.\n\nNotably, two Fed governors, Lisa Cook and Beth Hammack, dissented from the decision, favoring a quarter-percentage-point increase. Market sentiment was relatively subdued, with US stocks adjusting modestly after the decision. US Treasury yields increased, reaching 5.028 percent for the 10-year note. Futures on short-term interest rates also showed a slight uptick, as traders adjusted their expectations regarding potential Fed rate hikes in the near future.\n\nThe Fed's decision was largely expected given the indications from top officials that there was no urgency to raise rates further following the recent quarter-percentage-point hike. Despite stronger-than-expected inflation data, concerns persist that price pressures may be spreading across the economy. Energy costs remain high, particularly for diesel fuel, which is crucial for various industries. Inflation and the overall cost of living have been major issues in the political races leading up to the November 3 election, which will decide whether the Republican Party maintains control of both houses of Congress or if Democrats gain stronger oversight powers, including over the Fed.",
  "summary": "WASHINGTON: The Federal Reserve held interest rates steady on Wednesday, as expected, opting to delay any changes to borrowing costs until after next week’s US midterm elections and 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-4.00 percent range while acknowledging that…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 10,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "New Zealand Dollar drops sharply as RBNZ leaves rates unchanged ahead Fed decision",
        "url": "https://urgent.news/2026/10/28/new-zealand-dollar-drops-sharply-as-rbnz-leaves-rates-unchanged-ahead",
        "published": "2026-10-28T17:03:59.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "Fed leaves rates unchanged: What it means for credit cards, mortgages, auto loans and savings accounts",
        "url": "https://urgent.news/2026/10/28/fed-leaves-rates-unchanged-what-it-means-for-credit-cards-mortgages",
        "published": "2026-10-28T18:01:17.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "U.S. stocks are mixed after Fed keeps interest rates unchanged",
        "url": "https://urgent.news/2026/10/28/u-s-stocks-are-mixed-after-fed-keeps-interest-rates-unchanged",
        "published": "2026-10-28T18:12:19.000Z"
      },
      {
        "outlet": "Business Standard IN",
        "title": "Fed keeps interest rates unchanged, awaits more data on inflation",
        "url": "https://urgent.news/2026/10/28/fed-keeps-interest-rates-unchanged-awaits-more-data-on-inflation",
        "published": "2026-10-28T18:13:23.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "US Fed keeps rates unchanged despite elevated inflation, gives little signal of next move",
        "url": "https://urgent.news/2026/10/28/us-fed-keeps-rates-unchanged-despite-elevated-inflation-gives-little",
        "published": "2026-10-28T18:32:03.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "US Fed leaves rates unchanged as it awaits ‘accumulation of more information’",
        "url": "https://urgent.news/2026/10/28/us-fed-leaves-rates-unchanged-as-it-awaits-accumulation-of-more",
        "published": "2026-10-28T18:43:31.000Z"
      },
      {
        "outlet": "Gulf Times Business",
        "title": "Fed leaves rates unchanged as it awaits 'accumulation of more information'",
        "url": "https://urgent.news/2026/10/28/fed-leaves-rates-unchanged-as-it-awaits-accumulation-of-more",
        "published": "2026-10-28T18:44:00.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Fed leaves rates unchanged as it awaits ’accumulation of more information’",
        "url": "https://urgent.news/2026/10/28/fed-leaves-rates-unchanged-as-it-awaits-accumulation-of-more-16945435",
        "published": "2026-10-28T19:24:44.000Z"
      },
      {
        "outlet": "ABC News AU",
        "title": "Live: US Fed holds rates unchanged, chance of local rise more than 75pc",
        "url": "https://urgent.news/2026/10/28/live-us-fed-holds-rates-unchanged-chance-of-local-rise-more-than-75pc",
        "published": "2026-10-28T20:23:36.000Z"
      }
    ]
  },
  "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."
}