Fed Keeps Rates Steady at 3.75%-4.00%, With Two Votes Against

The Federal Reserve, the US central bank, voted 10-2 on October 28, 2026, to keep its key interest rate at 3.75%-4.00%, per CNBC. That rate shapes what savings accounts pay and what credit cards and variable-rate loans cost. Markets had put a 90% chance on a hold. The Fed's September forecasts pointed to 4.00%-4.25% by year-end.