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Fed holds US rates steady despite worsening inflation

The Australian Financial Review (AFR) •
October 28, 2026 • 06:17 PM
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Investors expect further hikes will be needed, beginning in December, as a governor targeted by Donald Trump dissented against the decision to hold.

Fed holds US rates steady despite worsening inflation

New York | Federal Reserve officials left interest rates unchanged on Wednesday (Thursday AEDT) and reiterated their commitment to containing inflation without offering a clear signal that they might raise rates at their next meeting in December.

But Fed chairman Kevin Warsh said in a press conference following the decision that officials have “made clear our readiness to act as circumstances require, and we have shown our willingness to act”.

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Same Story from Other Publications

Compare how 3 other independent news outlets reported on this story.

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CNBC World
8h ago
The Fed expected rate cuts this year. Now it’s bracing for another inflation fight

The Fed expected rate cuts this year. Now it’s bracing for another inflation fight

The most recent inflation reading for October had beaten expectations, coming in at 0.4% for the month.

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CNN International
4h ago
Wholesale inflation rose in October to highest annual rate in nearly four years | CNN Business

Wholesale inflation rose in October to highest annual rate in nearly four years | CNN Business

The cost of doing business in the US is getting increasingly pricier: Wholesale-level inflation accelerated last month to its highest rate in nearly four years, Bureau of Labor Statistics data showed Friday.

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NPR News
10h ago
An inflation scare, workers get their fair share, and Nvidia’s billion-dollar affairs : The Indicator from Planet Money

An inflation scare, workers get their fair share, and Nvidia’s billion-dollar affairs : The Indicator from Planet Money

This week’s indicators: Inflation is disturbing, workers are getting their stolen wages back, and NVIDIA ex-CEO’s alleged affairs become a $465 billion business expense. (Woof!)Fact-checking by Tyler Jones.Your Next Listen –The tower of NVIDIA–Over 2,000 episodes in our archive on the NPR AppConnect with The Indicator from Planet Money–The Indicator newsletter — a weekly roundup of news, ideas and staff picks. –Instagram, TikTok and YouTube –Find the Planet Money book –Find the Planet Money game, Sell Me A Sasquatch, and other merch at the NPR Shop!Support public media with NPR+ and enjoy perks for over 25 podcasts like this one. This show’s perks include sponsor-free listening. Learn more at plus.npr.org.

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