Updated

The Federal Reserve held its benchmark interest rate steady on October 28, 2026, with two of 12 voting members dissenting in favor of a quarter-point hike. Both dissenters wanted to raise rates by a quarter percentage point, reflecting concern among some policymakers about inflation. The Fed issued its FOMC statement at 18:00 UTC on October 28, 2026, and the decision was reported by CNBC Top News and the Federal Reserve's own press releases. The sources available for this scan gave no further detail on the statement's wording on the economic outlook or on market reaction.