Fed Holds Rates at 3-3/4 to 4 Percent as Two Officials Dissent in Favor of a Hike
The Federal Reserve held its benchmark rate steady, but two Committee members wanted a hike.
Key facts
- The target range for the federal funds rate stays at 3-3/4 to 4 percent.
- The Federal Open Market Committee approved the statement by a 10-2 vote.
- Lisa D. Cook and Beth M. Hammack dissented; both preferred raising the range by 1/4 percentage point.
- The statement says inflation remains elevated and economic activity is expanding at a strong pace.
- The Committee is also keeping ample reserves in the banking system.
Create a free account to read the full summary and the RISE take
A free account gives you the full summary of every story, the RISE take on what it means for owners, and the whole news archive with filters and search.
Takes about a minute. We email you a link to confirm; open it and you come straight back here.
Read the original at Federal Reserve Board (FOMC statement) (opens in a new tab)
Source: Federal Reserve issues FOMC statement — Federal Reserve Board (FOMC statement), October 27, 2026. Summary and commentary by RISE Community; read the full story at the source.
Related Stories
- Fed raises rates 25 basis points; mortgage rates track long-term yields, column says
- Mortgage Rates Ease to 7.38% as Traders Expect the Fed to Hold
- Georgetown, Delaware Repeals Cottage Housing Ordinance After Resident Pushback
- Federal class action targets Hoffman Homes over alleged lending scheme
- Tennessee Park Sale Brings Steep Rent Increase for Loudon County Residents