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Federal Reserve holds interest rates steady despite inflation. (2026, October 29). CBS News. https://www.cbsnews.com/video/federal-reserve-holds-interest-rates-steady-despite-inflation/
“Federal Reserve holds interest rates steady despite inflation.” CBS News, 29 Oct. 2026, https://www.cbsnews.com/video/federal-reserve-holds-interest-rates-steady-despite-inflation/.
“Federal Reserve holds interest rates steady despite inflation.” CBS News, October 29, 2026. https://www.cbsnews.com/video/federal-reserve-holds-interest-rates-steady-despite-inflation/.
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The Federal Reserve held interest rates steady at 3.75% - 4% on Wednesday, October 28, 2026, despite high inflation and economic growth concerns, just days before the midterm elections. The decision aligns with expectations set by various financial experts and officials who signaled a cautious approach amid conflicting economic indicators. Fed Chair Kevin Warsh cited evidence that previous rate hikes are beginning to curb inflation but avoided committing to further increases until more data is available. This move reflects the central bank's balancing act between addressing rising prices and navigating political pressures, particularly given President Donald Trump’s criticism of recent interest rate adjustments.