The Daily

The Federal Reserve kept its key rate unchanged Wednesday at about 3.9% despite elevated inflation, while providing little hint about the central bank’s next moves.

“Inflation remains elevated,” the Fed said in a statement released after its two-day policy meeting. Holding off on an increase will allow “the accumulation of more information” that will help determine what policy the Fed should pursue “to ensure a timely return of inflation” to the central bank’s 2% inflation target,

 » Read more about: Federal Reserve leaves interest rates unchanged despite elevated inflation  »

Bernd Debusmann Jr
White House reporter

Today’s announcement comes just a few days before the US midterm elections,

 » Read more about: US central bank keeps interest rates unchanged in final decision before midterm elections  »

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This story will be updated with further details from the Fed’s October 2026 interest rate decision.

The Federal Reserve on Wednesday held its benchmark interest rate steady amid elevated inflation as policymakers opted to wait for additional economic data after hiking rates in September.

 » Read more about: Federal Reserve makes interest rate decision ahead of midterms  »

 » Read more about: Fed votes in split decision to hold interest rates steady despite sticky inflation  »

For example, someone refinancing their mortgage or buying a property for the first time could face higher mortgage rates. It could also mean higher interest rates on credit cards or car loans. However, it means higher interest rates on savings as well.

 » Read more about: What is happening with US interest rates?  »

The US Federal Reserve on Wednesday held interest rates steady,

 » Read more about: US Fed holds interest rates steady despite surging inflation  »

US stocks edged higher on a critical day for markets, as investors digested the Federal Reserve’s 10-2 decision to hold interest rates steady and earnings results from Microsoft (MSFT) and Alphabet (GOOG) loomed.

The Dow Jones Industrial Average (^DJI) and the S&P 500 (^GSPC) edged roughly 0.1% and 0.2%,

 » Read more about: Stock market today: Nasdaq wavers, Dow, S&P 500, rise as Fed holds rates steady in split vote  »

Household stock ownership just hit a level not seen since the late 1990s, and the last time Americans held this much of the market, a historic crash followed. Here is what the Federal Reserve’s latest data reveal about crowding risk…

 » Read more about: American Households Own More of the Stock Market Than at Any Time Since the Dot-Com Era  »

Three stocks in Berkshire Hathaway’s portfolio pay it annual dividend yields of 65%, 45% and 41%. They are Coca-Cola, American Express and Moody’s.

Warren Buffett retired as Berkshire’s CEO on Dec. 31. In mid-September, he also stepped down as chairman of the board.

 » Read more about: Warren Buffett&#039;s Berkshire earns more than 40% from just these 3 stocks; do you have in your portfolio?  »

 » Read more about: Elon Musk once backed Buffett’s 5-minute fix for national debt: ‘This is the way’  »