The Global Economy DeKoder: U.S. Fed holds interest rates steady despite surging inflation
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Why has the US Federal Reserve decided to hold interest rates steady despite elevated inflation?
On October 28, 2026, the US Federal Reserve kept its benchmark interest rate unchanged at 3.75%–4.00%, following its rate hike in September. The decision came as inflation remained above the Fed’s 2% target and economic activity continued to show strength.
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