The quarter-point rise on 28 October lifts the policy rate from 2.25%. The bank says it could need to raise again, but given the uncertainties it will proceed carefully.
The 10-2 vote on 28 October came six weeks after a quarter-point rise. Lisa D. Cook and Beth M. Hammack wanted another; the statement gives no reason and does not say if further moves are likely.
Three central banks meet between 27 and 30 October 2026. The Fed sets a range, the ECB steers through its deposit rate and the Bank of Japan guides an overnight market rate.