Quantitative finance and markets
The Fed holds rates with two votes for a rise
The Federal Reserve kept its target range at 3.75–4%. Lisa Cook and Beth Hammack dissented in favour of a 25 basis point increase.
Source published · In the Weekly Review of 1 November 2026
The Federal Open Market Committee kept the target range for the federal funds rate at 3.75–4% on 28 October. Lisa Cook and Beth Hammack voted for an increase of 25 basis points. The statement said economic activity has been expanding at a strong pace and that inflation remains elevated.
The decision came a day before data showing third-quarter growth of 3.4% and PCE inflation of 3.6% in September.