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Fed holds rates at 3.75%–4% as two policymakers vote for a rise

Governor Lisa Cook and Cleveland Fed President Beth Hammack wanted a quarter-point increase on 28 October. Figures published the next day showed the economy grew at a 3.4% annual rate in the third quarter.

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By Comlumen Desk Compiled stories

3 min read

Compiled by the Comlumen Desk from the reporting and official sources listed at the end of this story, and written with AI assistance. It contains no original reporting by Comlumen. How we report

The white marble Eccles Building of the Federal Reserve
The Federal Reserve's Eccles Building in Washington. Federal Reserve / Wikimedia Commons, public domain

In this story
  1. A stronger description of the economy
  2. Changes to the meeting calendar
  3. Growth picks up
  4. What comes next
  5. How this story was sourced

The US Federal Reserve kept its benchmark interest rate in a range of 3.75% to 4% on Wednesday 28 October, after raising it by a quarter of a percentage point in September.

How this story was sourced.

11 sources from 9 organisations, 4 of them official or primary documents.

Official and primary documents 4

The body that made the decision, the paper, or the organisation’s own release.

  1. Federal Reserve Federal Reserve issues FOMC statement (28 October 2026) federalreserve.gov
  2. Federal Reserve Federal Reserve issues FOMC statement (16 September 2026) federalreserve.gov
  3. Bureau of Labor Statistics Consumer Price Index, September 2026 bls.gov
  4. Bureau of Economic Analysis GDP advance estimate, third quarter 2026 bea.gov

News organisations 7

Reports by other newsrooms. Where a story was carried by another outlet, both are named.

  1. CNBC Fed interest rate decision October 2026: Fed holds rates steady cnbc.com
  2. Axios Fed leaves rates steady as governor Lisa Cook dissents axios.com
  3. Bloomberg Fed holds rates steady as three officials dissent in favor of a hike bloomberg.com
  4. Reuters via Yahoo Finance Fed's Warsh announces changes in how future FOMC meetings will go finance.yahoo.com
  5. Fox Business Federal Reserve holds rates steady ahead of election foxbusiness.com
  6. ABC News Federal Reserve holds interest rates steady as midterm elections loom abcnews.com
  7. Reuters via Yahoo News White House sets hearing on Fed's Cook for December 14, NYT says yahoo.com
The sources as the story lists them

Sources

Comlumen Desk Compiled stories
Stories under the Comlumen Desk byline are compiled from reporting by other news organisations and from official sources, and written with AI assistance. They contain no original reporting by Comlumen. Every source is listed and linked at the end of each story, and facts are attributed in the text to the organisation that reported them. How we report.

The story so far. More on Central banks and US economy.

  1. Business Bank of Japan holds at 1.25% but says inflation has reached its 2% target One board member voted for a rise on 30 October, and most economists expect the Bank to raise rates in December.
  2. Business Bank of England raises interest rates to 4% as energy prices push inflation higher The Bank's first rate rise since 2023 was backed by all nine policymakers on 5 November, and one wanted a bigger increase. Staff expect inflation to reach about 5% by the middle of next year.
  3. Business ECB holds rates as Lagarde says she will step down nine months early The European Central Bank kept its deposit rate at 2.5% on 29 October, the same day its president said she would leave on 7 February. A week later, euro zone inflation reached 4%.
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