The Fed held its target range at 3.75–4.00% on October 28, but both dissenters wanted a quarter-point increase. The statement passed 10–2; Lisa Cook and Beth Hammack voted against the action.

The committee described strong economic activity, robust capital investment and inflation that remains elevated. It said more information would help determine the appropriate policy stance, leaving the next rate move unspecified.

Source: Federal Reserve, October 28, 2026.
https://www.federalreserve.gov/newsevents/pressreleases/monetary20261028a.htm

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