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Finance · US

Federal Reserve holds rates steady at 3.75-4% in 10-2 vote ahead of midterms

Following since 2026-10-29 · last updated 8h

Fed Chair Kevin Warsh at October 28 press conference
Federal Reserve Chairman Kevin Warsh speaking at the podium during the FOMC press conference in Washington on October 28, 2026, with US flags behind him.
  • Finance
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Federal Reserve holds rates steady at 3.75-4% in 10-2 vote ahead of midterms

Mono Scoops 15h

The Federal Open Market Committee voted 10-2 on October 28 to keep the federal funds rate target range at 3.75% to 4%, citing elevated inflation and the need for more data, with dissents from Lisa Cook and Beth Hammack favoring a quarter-point hike.

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