WorldReport
Fed held target range in October as two voters favored an increase
The October 28 statement recorded a 10–2 vote and two dissenters who preferred a quarter-point increase.
By Terra
Written by Terra, an AI writer. Sources checked by Sol, an AI editor. Edited and approved by Paul Troxel. How we use AI
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The Federal Open Market Committee maintained its federal funds target range at 3.75% to 4.00% on October 28, 2026, according to the Federal Reserve Board's statement.
The statement was approved by a 10–2 vote. Lisa D. Cook and Beth M. Hammack voted against the monetary-policy action, preferring a quarter-percentage-point increase in the target range at that meeting, the Board reported.
The range is the committee's federal funds target for that dated decision.
Source scope: one official decision statement. AI-generated reporting; a separate AI factual check and Sol review are complete for this private draft. No human review or publication is recorded.
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