FOMC holds rates at 3.75%–4% as inflation remains elevated
– 10–2 vote; Cook and Hammack favored a 25-basis-point hike
– Economic activity expanding at a strong pace; spending resilient, productivity and capital investment strong
– Job gains keeping pace with workforce; unemployment little changed
– Maintains ample-reserves policy; says more information will help assess policy for returning inflation to 2%
Original Press Release: https://www.federalreserve.gov/newsevents/pressreleases/monetary20261028a.htm