2026-10-28 · 1 statements · 1 actors
FOMC decision on federal funds rate, 28 Oct 2026
The Federal Open Market Committee issued its statement on holding the federal funds rate target range, with its assessment of the economy and a dissent.
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The statements
United States
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Federal Reserve issues FOMC statement
2026-10-28 · central bank · one of several topics in this statement
The Federal Open Market Committee says it decided to keep the federal funds rate target range at 3-3/4 to 4 percent, in support of its dual mandate, and to continue maintaining ample reserves in the banking system. The decision passed by a 10-2 vote.
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Federal Reserve issues FOMC statement
2026-10-28 · central bank · one of several topics in this statement
The Committee assesses that economic activity is expanding at a strong pace, with resilient domestic spending, strong productivity growth, robust capital investment and job gains keeping pace with the workforce. It says uncertainty remains elevated, partly due to geopolitical developments.
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Federal Reserve issues FOMC statement
2026-10-28 · central bank · one of several topics in this statement
The Committee says inflation remains elevated and that it will gather more information to determine the appropriate policy stance for a timely return of inflation to its 2 percent goal. It states that the Committee will deliver price stability.
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Federal Reserve issues FOMC statement
2026-10-28 · central bank · one of several topics in this statement
Governors Lisa D. Cook and Beth M. Hammack voted against the decision, preferring to raise the federal funds rate target range by a quarter percentage point at this meeting.