Federal Reserve holds rates at 3.75%–4%

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Updated October 28, 2026. The Federal Reserve held its federal funds target range at 3.75%–4%. The vote was 10–2; two members preferred a quarter-point increase. The committee said inflation remains elevated.

Why it matters. U.S. rates influence borrowing costs, bond yields and financial conditions worldwide.

Rockstar Briefing analysis. A pause is not a promise about the next decision. Inflation and employment data remain central to the policy outlook.

Federal Reserve statement