Fed Holds Rates Unchanged as Two Officials Favor 25-Basis-Point Hike: December Hike Suspense Left to Kevin Warsh Press Conference - TradingKey

On October 28 Eastern Time, the Federal Reserve maintained the federal funds rate at 3.75%–4% in a 10-2 vote. The FOMC statement kept inflation vigilance high, leaving room for future tightening. Two officials dissented, advocating for a 25-basis-point hike, reflecting internal policy division. Backed by solid economic activity and resilient domestic spending, the pause signals a wait-and-see approach rather than a definitive end to tightening. Chair Kevin Warsh's upcoming remarks will clarify future policy conditions and heavily influence December rate hike expectations. TradingKey - On October 28 Eastern Time, the Federal Reserve maintained the target range for the federal funds rate at 3.