# Federal Reserve Holds Rates at 3.75% to 4% in 10-2 Vote

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/43701
Published: 2026-10-29T17:01:08.000Z
Updated: 2026-10-29T17:01:08.000Z
Section: Regulation

> Lisa D. Cook and Beth M. Hammack dissented, preferring a quarter-point increase. The decision came Wednesday, Oct. 28.

The Federal Open Market Committee kept its federal funds target range at 3.75% to 4% on Wednesday, Oct. 28. The committee voted 10-2, with Lisa D. Cook and Beth M. Hammack dissenting in favor of a quarter-point increase.

The decision was announced at 2 p.m. ET (18:00 UTC). The committee's statement said, “Inflation remains elevated.”