The Federal Open Market Committee kept the federal funds target range at 3.75% to 4% in a 10-2 vote on October 28, 2026.
Two dissenting votes
The Federal Reserve said Lisa D. Cook and Beth M. Hammack preferred a 25-basis-point increase. The committee said inflation remained elevated while economic activity was expanding at a strong pace.
This brief focuses on the Fed’s documented decision. Other market figures and forward-looking claims in the source roundup are not included because they require separate dated market-data and primary-source checks.
Source: BlockBeats flash and the Federal Reserve FOMC statement, published October 31, 2026.