Federal Reserve issues FOMC statement
· via Federal Reserve
Summary
- The Fed held the federal funds target range at 3-3/4 to 4 percent.
- The vote was 10–2. Lisa D. Cook and Beth M. Hammack voted against. They preferred raising the target range by 1/4 percentage point.
- Next release: Wed Dec 9, 2:00 PM ET
Breakdown
- The Committee decided to maintain the target range for the federal funds rate at 3-3/4 to 4 percent, in support of the Federal Reserve's dual mandate.
- The Federal Open Market Committee approved the following statement for release by a 10 – 2 vote.
- Voting against the monetary policy action were Lisa D. Cook and Beth M. Hammack, who preferred to raise the target range for the federal funds rate by 1/4 percentage point at this meeting.
- Inflation remains elevated.
- Job gains have kept pace with the workforce, and the unemployment rate has changed little.
Official source
Federal ReserveOct 28, 2026Official release ↗
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Educational information from official sources, not financial advice. Key points are copied from the official release; check the source before acting on any figure. Privacy · Terms