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Fed holds rates at 3.75% to 4%; chair Warsh points to December meeting

The Federal Reserve left its benchmark rate at 3.75% to 4% on Wednesday, and investors expect a hike in December.

Posted Updated (4 d ago)

The Federal Reserve kept its benchmark interest rate at 3.75% to 4% on Wednesday, according to Al Jazeera. The Hill reports the Federal Open Market Committee voted 10-2.

Fed Chairman Kevin M. Warsh said an "information-rich" period before the December meeting will help officials decide their next steps, The New York Times reports. PBS NewsHour says officials acknowledged inflation remains elevated.

NPR reports investors widely expect the Fed to raise rates in December to fight stubborn inflation.

CBS News says the Fed raised rates in September. The Guardian says that was the first increase since 2023, that the Fed cited rising inflation, and that it angered President Donald Trump. The Guardian also says inflation has been above the Fed's 2% target for years and above 3% for most of this year.

NBC News and the Guardian describe Wednesday's vote as the Fed's last rate decision before the midterm elections.

Reported by

  1. CNBCFederal Reserve is likely to hold interest rates steady in October. Here's what that means for consumersMon, Oct 26, 12:03 PM EDT
  2. CBS NewsIs the Federal Reserve likely to raise interest rates this week?Mon, Oct 26, 4:10 PM EDT
  3. NBC NewsFed expected to hold interest rates steady as inflation tops midterm voters’ concernsTue, Oct 27, 6:36 PM EDT
  4. NPRFed expected to hold interest rates steady but a hike is anticipated by year's endWed, Oct 28, 4:45 AM EDT
  5. NPRMorning news briefWed, Oct 28, 4:47 AM EDT
  6. The New York TimesThe Federal Reserve Will Release Its Interest Rate Decision Today. Here’s What to Watch.Wed, Oct 28, 5:05 AM EDT
  7. ABC NewsFederal Reserve set to issue interest rate decision as midterm elections loomWed, Oct 28, 5:18 AM EDT
  8. The HillFed likely to hold rates steady ahead of midtermsWed, Oct 28, 6:00 AM EDT
  9. The GuardianFed set to hold interest rates steady in last decision before midtermsWed, Oct 28, 6:00 AM EDT
  10. NBC NewsFed Chair Warsh holds press conference on interest rate decisionWed, Oct 28, 9:07 AM EDT
  11. PBS NewsHourWATCH: Warsh holds briefing after Fed leaves key interest rate unchangedWed, Oct 28, 10:14 AM EDT
  12. The New York TimesHow the Fed’s Interest Rates Decision Affects Your WalletWed, Oct 28, 12:03 PM EDT
  13. Al JazeeraBank of Canada raises interest rates for the first time in three yearsWed, Oct 28, 12:44 PM EDT
  14. NBC NewsFederal Reserve leaves interest rates unchanged despite rising inflationWed, Oct 28, 2:01 PM EDT
  15. CBS NewsFed holds interest rates steady even as inflation remains highWed, Oct 28, 2:02 PM EDT
  16. NPRFed holds interest rates steady even as inflation remains stubbornWed, Oct 28, 2:04 PM EDT
  17. CNBCFed holds rates steady despite concerns over inflationWed, Oct 28, 2:04 PM EDT
  18. The HillFederal Reserve holds interest rates steady in face of persistent inflationWed, Oct 28, 2:05 PM EDT
  19. NBC NewsFederal Reserve keeps interest rates unchanged in final vote before midtermsWed, Oct 28, 2:50 PM EDT
  20. Al JazeeraFed leaves interest rates unchanged despite inflation in the USWed, Oct 28, 3:05 PM EDT
  21. BBC NewsUS central bank holds interest rates steady ahead of midterm elections – here's what that meansWed, Oct 28, 3:42 PM EDT
  22. CNBCTreasury Secretary Bessent talks to CNBC after Fed holds interest rates steadyWed, Oct 28, 4:07 PM EDT
  23. The New York TimesFed Holds Rates Steady Despite Lack of Progress on InflationWed, Oct 28, 5:27 PM EDT
  24. CBS NewsFederal reserve holds interest rates steady despite high inflationWed, Oct 28, 5:36 PM EDT
  25. PBS NewsHourNews Wrap: Fed holds interest rates unchanged as inflation remains elevatedWed, Oct 28, 6:40 PM EDT
  26. The HillFed hits pause on interest ratesWed, Oct 28, 6:47 PM EDT
  27. CBS NewsFederal Reserve holds interest rates steady despite inflationWed, Oct 28, 8:07 PM EDT
  28. CNBCEuropean Central Bank keeps key interest rate on hold at 2.5%Thu, Oct 29, 9:30 AM EDT

This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.

Earlier versions (13)
  1. Wed, Oct 28, 7:00 PM EDT, 11 outlets: Fed holds rates at 3.75% to 4% as inflation stays high; two dissent
  2. Wed, Oct 28, 4:40 PM EDT, 11 outlets: Fed holds rates at 3.75% to 4% despite high inflation; two officials dissent
  3. Wed, Oct 28, 3:15 PM EDT, 10 outlets: Fed holds rates at 3.75% to 4% despite high inflation; two officials dissent
  4. Wed, Oct 28, 2:45 PM EDT, 9 outlets: Fed holds rates at 3.75% to 4% on 10-2 vote, with two dissents
  5. Wed, Oct 28, 2:10 PM EDT, 9 outlets: Fed leaves interest rates unchanged after September hike
  6. Wed, Oct 28, 1:00 PM EDT, 9 outlets: Fed expected to hold rates Wednesday; Bank of Canada raises its rate
  7. Wed, Oct 28, 10:55 AM EDT, 8 outlets: Fed due to announce rate decision Wednesday; hold widely expected
  8. Wed, Oct 28, 6:25 AM EDT, 7 outlets: Fed expected to hold rates Wednesday as September inflation hits 3.7%
  9. Wed, Oct 28, 6:05 AM EDT, 6 outlets: Fed expected to hold rates Wednesday, in last meeting before midterms
  10. Wed, Oct 28, 5:10 AM EDT, 5 outlets: Fed decision due Wednesday; hold on rates widely expected
  11. Wed, Oct 28, 4:50 AM EDT, 4 outlets: Fed expected to hold rates Wednesday; investors see December hike as likely
  12. Tue, Oct 27, 6:45 PM EDT, 3 outlets: Fed expected to hold rates steady this week as inflation worries voters
  13. Mon, Oct 26, 4:15 PM EDT, 2 outlets: Fed expected to hold interest rates steady at this week's meeting