The Federal Reserve kept its benchmark interest rate between 3.75% and 4.00% on October 28, 2026, in a 10-2 vote. Lisa Cook and Beth Hammack sought an immediate 25-basis-point increase, while the statement said the Committee “will ensure price stability” as inflation reached 3.7% in September. Chair Kevin Warsh justified the pause by pointing to tighter financial and credit conditions but gave no guidance for December. Markets price an 86% probability of a hike on December 8-9, while Bitcoin moved above $81,000 following the announcement and Ether traded around $2,330.
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