Fed leaves interest rates unchanged despite inflation in the US

Rates will remain 3.75-4 percent even as inflation continues to rise.Published On 28 Oct 202628 Oct 2026The United States Federal Reserve is set to hold interest rates steady in its final monetary policy decision before the US midterm elections.The central bank will maintain rates at 3.75-4 percent, following a 10-2 vote, in line with expectations.Recommended Stories list of 4 itemslist 1 of 4US inflation rises before midterm elections, fuelling rate hike fearslist 2 of 4How Iran messaging highlights cost of war ahead of US midterm electionslist 3 of 4US consumer sentiment hits a near-record low before midterm electionslist 4 of 4Hackers target US campaign finance system days before midterm electionsend of listCME FedWatch, which tracks the likelihood of monetary policy decisions, indicated that there was more than a 90 percent chance rates would remain unchanged.“Economic activity is expanding at a strong pace,” the Fed said in its press release announcing the decision on Wednesday. “While uncertainty remains elevated owing, in part, to geopolitical developments, domestic spending has been resilient. Productivity growth is strong, and capital investment is robust. Job gains have k...