Fed Holds Rates at 3.75%–4%; Two Officials Wanted a Hike
The Federal Reserve left its benchmark rate unchanged in a target range of 3.75% to 4% on Wednesday, a month after its first hike in three years. The vote was 10–2: Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented in favour of a quarter-point increase. The statement said economic activity is expanding at a strong pace and inflation remains elevated. Chair Kevin Warsh holds a news conference at 11:30 a.m. B.C. time. Next decision: Dec. 9.
What’s confirmed
- The Federal Reserve left its benchmark rate unchanged in a target range of 3.75% to 4% on Wednesday, a month after its first hike in three years.
- The vote was 10–2: Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented in favour of a quarter-point increase.
- The statement said economic activity is expanding at a strong pace and inflation remains elevated.
- Chair Kevin Warsh holds a news conference at 11:30 a.m. B.C. time.
- Next decision: Dec. 9.
Confirmed by 3 independent outlets: CNBC, Bloomberg and MarketWatch.
What would move the score
- Now: 98% with 3 independent confirmations plus the primary source.
- Up: more independent outlets or primary records confirming the core claim.
- Down: a counted source correcting or walking back its report, or new evidence that weakens the claim.
Any change is logged below with the time and the old and new score. Corrections policy
Confirmation record
Plus the primary source: the Fed’s Oct. 28 FOMC statement.| ✓ | CNBC Counted https://www.cnbc.com/2026/10/28/fed-meeting-today-live-updates.html |
| ✓ | Bloomberg Counted https://www.bloomberg.com/news/live-blog/2026-10-28/fed-rate-decision-and-warsh-briefing-live-updates |
| ✓ | MarketWatch Counted https://www.marketwatch.com/livecoverage/fed-meeting-today-warsh-inflation-interest-rates-live-updates |
| · | Primary source Plus the primary source: the Fed’s Oct. 28 FOMC statement. https://www.federalreserve.gov/newsevents/pressreleases/monetary20261028a.htm |
Updated / Corrected log
- Published at 98% with 3 independent confirmations.
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TruthRank card · narrated, captions availableAny correction is logged here with its time and the reason. See our corrections policy.
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