The Federal Reserve kept its federal-funds target range at 3.75%–4.00% on October 28, approving the decision in a 10–2 vote.
Two members favored an increase
Lisa D. Cook and Beth M. Hammack dissented, preferring a quarter-percentage-point increase, according to the official FOMC statement.
The committee described economic activity as expanding at a strong pace while inflation remained elevated. It said additional information would help determine the policy stance needed to return inflation to its 2% goal.
Sources: the Federal Reserve’s October 28, 2026 statement, the BlockBeats rate-decision flash and its vote-split flash. The flashes were published at 18:00:29 and 18:01:30 UTC, respectively.