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Key FactsFed holds benchmark rate pending inflation data
Oct 29, 2026 · Reading time: ~30 sec.
Summary created with AI assistance · Source: business-standard.com
  • The Fed deferred changes to borrowing costs until after next week's US midterm elections and is awaiting further inflation data.

  • Lisa Cook and Beth Hammack dissented, each favoring a quarter-percentage-point interest-rate increase.

  • The Fed upgraded its economic assessment from solid to strong; job growth kept pace with the labor force.

  • Investors expect further rate hikes from December into 2027; inflation is about one percentage point above the Fed's target, with little recent progress.
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