Federal Reserve maintains its benchmark rate at 3.75% to 4.00% as persistent inflation, strong economic growth, and elevated borrowing costs shape the outlook for consumers and businesses. WASHINGTON, D.C. – October 28, 2026 (STL.News) The Federal Reserve voted Wednesday to leave its benchmark interest rate unchanged at 3.75% to 4.00%, maintaining its current monetary policy as inflation remains elevated and Americans prepare for the November 3 midterm elections. The Federal Open Market Committee (FOMC) approved the decision by a 10-2 vote following its October 27-28 meeting. Two policymakers favored another quarter-percentage-point increase, reflecting continuing concern that inflation has not
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