Fed Meets October 27-28 on Holding Rates at 3-3/4 to 4 Percent

The Federal Open Market Committee meets October 27-28, with a press conference October 28, to decide whether to keep the federal funds target range at 3-3/4 to 4 percent or move it again after the September 16 quarter-point hike. A quarter point is 25 basis points. Changes flow to savings yields, credit card rates and adjustable mortgages.