Kevin Warsh

Federal Reserve Holds Interest Rates at 3.75–4% in 10–2 Vote as December Hike Odds Climb

The Federal Reserve holds interest rates at 3.75% to 4% after its meeting on Wednesday 28 October 2026 in Washington, pausing one month after its first rate rise in three years. The decision keeps borrowing costs unchanged while inflation stays above the central bank’s 2% target, and it sets up a closely watched meeting on 8–9 December 2026 as the…