#FedWatch Federal Reserve monitoring (FedWatch) reflects key expectations and decisions on U.S. monetary policy following the Federal Open Market Committee (FOMC) meeting that concluded on October 28, 2026.
1. Current interest rate status
The Federal Reserve decided to keep its benchmark interest rate in the range of 3.75% to 4.00%.
The context: This pause comes just after the Fed raised rates by a quarter of a percentage point (25 bps) in September, marking the first increase in three years to combat inflationary pressures.
Split vote: The decision to keep the rate unchanged was not unanimous (10 votes in favor versus 2 against). Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented, calling for an immediate increase of 25 basis points in response to inflation remaining elevated (3.7% in September).
1. Current interest rate status
The Federal Reserve decided to keep its benchmark interest rate in the range of 3.75% to 4.00%.
The context: This pause comes just after the Fed raised rates by a quarter of a percentage point (25 bps) in September, marking the first increase in three years to combat inflationary pressures.
Split vote: The decision to keep the rate unchanged was not unanimous (10 votes in favor versus 2 against). Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented, calling for an immediate increase of 25 basis points in response to inflation remaining elevated (3.7% in September).