US Federal Reserve Expected to Stand Pat on Interest Rates

The US Federal Reserve is expected to keep interest rates unchanged on Wednesday, October 28, 2026, despite accelerated inflation driven by oil and gas price spikes from the Iran war.

The central bank previously raised its key rate last month from 3.6% to 3.9%, a move criticized by President Donald Trump.

Consumer prices rose 3.7% in September compared to a year earlier, up from 2.4% in February before the Iran war.