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Fed Holds Rates Steady as Lagarde Exits Early

By Drooid · Oct 29, 2026 · How we work

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Federal Reserve kept interest rates unchanged, leaving the dollar rangebound.
The DXY dollar index held at 102.202 in European mid-morning trade.
U.S. 10-year Treasury yields fell 3.8 basis points to 5.006%.
European Central Bank announced Christine Lagarde will step down nine months early, leaving in February.
Euro fell 0.1% to $1.1143 after the announcement, according to Berenberg analyst Holger Schmieding.

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Federal Reserve kept interest rates unchanged, leaving the dollar rangebound.
The DXY dollar index held at 102.202 in European mid-morning trade.
U.S. 10-year Treasury yields fell 3.8 basis points to 5.006%.
European Central Bank announced Christine Lagarde will step down nine months early, leaving in February.
Euro fell 0.1% to $1.1143 after the announcement, according to Berenberg analyst Holger Schmieding.