US Federal Reserve Expected to Hold Interest Rates Steady Ahead of Decision

Markets widely anticipate the US Federal Reserve to maintain its federal funds rate in the 3.75% to 4.00% range following its two-day meeting, with the decision expected today, October 28, 2026, at 2:00 PM Eastern Time (18:00 GMT/UTC). This decision comes amid ongoing inflation concerns and days before crucial midterm elections. Fed Chairman Kevin Warsh is scheduled to hold a press conference following the announcement, with his remarks closely watched for future policy hints.