Key facts
- The Fed maintained its benchmark interest rate at 3.75-4.00%.
- The decision followed a quarter-point hike last month.
- The FOMC voted 10-2 to hold rates steady.
- Economic activity is expanding at a strong pace with resilient domestic spending.
The U.S. Federal Reserve on Wednesday, October 28, 2026, decided to keep its benchmark interest rate unchanged at 3.75-4.00 percent. This decision came after a 0.25 percentage point increase in the previous month. The Federal Open Market Committee voted 10-2 to maintain the current rate range. The Fed stated it is continuing its policy of maintaining ample reserves in the banking system. The central bank noted that economic activity is expanding strongly, domestic spending has been resilient, and productivity growth is robust. The decision leaves the interest rate gap between South Korea and the U.S. at up to 1 percentage point and was in line with market expectations.