{
  "id": 17216780,
  "title": "Fed Holds Rates at 3.75%–4.00% in a 10–2 Vote: How QQQ, SPY and Bitcoin Reacted",
  "url": "https://urgent.news/2026/10/30/fed-holds-rates-at-3-75-4-00-in-a-10-2-vote-how-qqq-spy-and-bitcoin",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T09:46:09.000Z",
  "source": {
    "name": "HackerNoon",
    "slug": "hackernoon",
    "url": "https://hackernoon.com/fed-holds-rates-at-375percent-400percent-in-a-10-2-vote-how-qqq-spy-and-bitcoin-reacted?source=rss"
  },
  "original_language": "en",
  "account": "The Federal Reserve maintained its target range for the federal funds rate at 3.75% to 4.00% on October 28, 2026, in a 10-2 vote. Governor Lisa Cook and Cleveland Fed President Beth Hammack were the two dissenting officials who favored another quarter-point increase. Markets anticipate a December hike with an 85.0% chance, up from 78.3% the previous day. The S&P 500 and Nasdaq Composite both rose by 0.28% and 0.27%, respectively. Microsoft and Alphabet reported earnings after the market closed, causing significant moves in QQQ and SPY contracts on MEXC. Growth was upgraded to a \"strong pace,\" and the Fed stated they would wait for more information before deciding their next move. Chair Kevin Warsh did not commit to a hike but indicated that the coming weeks would provide more data for the Committee to make a decision. The Fed will maintain eight meetings a year, with some meetings focusing on long-term strategy without a rate vote.",
  "summary": "The Fed holds rates at 3.75% - 4.00% in a 10-2 vote. Explore the dissenting votes, inflation outlook and implications for markets.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}