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US Fed holds interest rates steady despite surging inflation

US Fed holds interest rates steady despite surging inflation
South China Morning Post Wednesday 28 October 2026, 18:37 UTC By Agence France-Presse 1 min read
Key Points

The US Federal Reserve on Wednesday held interest rates steady, in line with market expectations, days ahead of crucial midterm elections where surging inflation has been a key issue. The 12-member Federal Open Market Committee voted 10-2 to hold rates at a target range between 3.75 to 4.00 per cent, citing the need for more data in the fight against inflation, after having hiked for the first time in three years at its previous meeting in September. “The accumulation of more information will...

The US Federal Reserve on Wednesday held interest rates steady, in line with market expectations, days ahead of crucial midterm elections where surging inflation has been a key issue. The 12-member Federal Open Market Committee voted 10-2 to hold rates at a target range between 3.75 to 4.00 per cent, citing the need for more data in the fight against inflation, after having hiked for the first time in three years at its previous meeting in September. “The accumulation of more information will... [Image text:] UNCH 3.75-4.00% NGNEWS
US Fed (ORG) The US Federal Reserve (ORG) Federal Open Market Committee (ORG)
Originally published by South China Morning Post Read original →

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