Federal Reserve Expected to Hold Interest Rates Steady Ahead of Official Announcement

The Federal Reserve is widely anticipated to maintain its benchmark interest rate within the 3.75% to 4.00% range today, October 28, 2026, as it concludes its two-day meeting. The official decision is expected at 2:00 PM ET (18:00 UTC), followed by a press conference with Chairman Kevin Warsh. Markets are closely watching for any signals regarding future policy moves, particularly concerning a potential rate hike in December, amidst ongoing inflation concerns.