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Fed Holds Rates as September Inflation Stays High

By Drooid · Oct 28, 2026 · How we work

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U.S. Federal Reserve Chairman Kevin Warsh kept the benchmark interest rate unchanged on Wednesday.
The rate remained between 3.75% and 4%, below the 2023 peak.
CME FedWatch showed about a 90% probability that the Fed would hold rates.
September consumer prices rose 3.7% year-over-year, far above the 2% target.
Mortgage rates hit a three-year high of 7.4%, squeezing home buyers.

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U.S. Federal Reserve Chairman Kevin Warsh kept the benchmark interest rate unchanged on Wednesday.
The rate remained between 3.75% and 4%, below the 2023 peak.
CME FedWatch showed about a 90% probability that the Fed would hold rates.
September consumer prices rose 3.7% year-over-year, far above the 2% target.
Mortgage rates hit a three-year high of 7.4%, squeezing home buyers.