🚨FED Holds rates💲

Prefer XTB on Google

28 October, 2026

Rate Decision: HOLD [3,75-4,00] (Expected: 3,75-4,00)

The Federal Reserve left interest rates unchanged on October 28 in the 3.75% to 4.00% range, pausing policy tightening after the September hike. The decision triggered a limited market reaction, as the statement did not include a clear signal of another move in December.
A few minutes after the release, the S&P 500 was up 0.1%, the Dow Jones rose 0.2%, and the Nasdaq 100 hovered near flat. The yield on 10 year US Treasury bonds stood at 5.03%, up 3 basis points from the previous close.
The most notable aspect of the meeting was dissent from two Fed officials. Beth Hammack and Lisa Cook favored a 25 basis point hike. Cook’s vote was particularly surprising, as she had not previously dissented from the consensus on rate decisions.
The split suggests that pressure to tighten policy further remains meaningful despite the October pause.
For investors, the lack of a hike therefore does not mean the fight against inflation is over. September consumer price inflation came in at 3.7% year over year, and higher energy prices are making it harder for price pressures to fade. The Fed must balance the risk of inflation becoming entrenched against the costs of high rates for borrowers, the housing market, and businesses.
Implications for equities remain mixed. The pause limits an immediate increase in the cost of money, but the prospect of further hikes may restrain valuation upside, especially for technology companies and highly leveraged firms.
The market’s direction may be shaped by Kevin Warsh’s press conference. Key will be an explanation of why the Fed chose to wait despite elevated inflation, and what conditions would trigger the next hike. Ahead of the conference, the reaction remains muted, and the October decision should be interpreted as data dependence rather than a definitive shift in monetary policy.
USD intially shows moderate weakness against other majors, but within minutes - it returns to the pre-decision levels. More sizable move might be expected after Kevin Warsh speech.

EURUSD (M1)

Source: xStation5

28 October 2026, 6:34 PM

Kevin Warsh Conference [LIVE]🔥

28 October 2026, 5:31 PM

Time for a pause – what will determine the strength of the dollar? [Pre-FOMC Report]

28 October 2026, 4:14 PM

📊Hyperscaler Results: Alphabet and Microsoft. Will results justify giant investments?

28 October 2026, 2:29 PM

US OPEN: The market awaits the Fed and Google’s earnings.

Forex Indices Economic reports

Prefer XTB on Google

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days