Fed Holds Rates at 3.75%-4.00% in 10-2 Vote With Two Dissents

The Federal Reserve voted 10-2 on October 28, 2026, to keep its benchmark overnight funds rate at 3.75%-4.00%, per CNBC. That rate feeds into savings yields and credit card and adjustable-rate loan costs. Rate futures had implied a 90% chance of a hold. The Fed's September projections showed 4.00%-4.25% by year-end.