Fed holds rates at 3.75–4.00%; two officials prefer a hike

The October 28 decision passed 10–2. Both dissenters favoured a quarter-point increase, not a cut. The announcement came at 3 a.m. on October 29 in Korea.

## Rates stay unchanged The Federal Reserve maintained its federal funds target range at 3.75–4.00% on October 28. The statement was released at 2 p.m. EDT, or 3 a.m. KST on October 29.

## Two votes for a hike, not a cut The decision passed 10–2. Governor Lisa Cook and Cleveland Fed President Beth Hammack preferred a quarter-percentage-point increase.

## A hold is not a promise to cut The statement described strong economic activity and elevated inflation. Officials want more information to determine the policy needed to return inflation to 2%. It did not commit to the next rate move.

## What to check in Korea This is a US policy decision. It does not automatically lower Korean loan rates, deposit rates or exchange rates. For a financial product, check its reference rate, next reset date and applicable fees.

## Sources and reference date Checked October 29, 2026. Based on the Fed statement, with news reports used for cross-checking. Original reporting text and photographs are not reproduced. Federal Reserve: https://www.federalreserve.gov/newsevents/pressreleases/monetary20261028a.htm Yonhap Infomax: https://news.einfomax.co.kr/news/articleView.html?idxno=4441723 NewsPim: https://member.newspim.com/news/view/20261029000023

미 연방준비제도(Federal Reserve) · FOMC 공식 성명

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2026-10-29