Fed holds its target range at 3.75% to 4% after October meeting
US · FOMC rate decisionRelease page
The Fed left its federal funds target range unchanged at 3.75% to 4% in October, the same as in September, the Federal Open Market Committee announced on Wednesday, Oct. 28, 2:00 p.m. ET (18:00 GMT).
Key figures
| Indicator | Value | Previous |
|---|---|---|
| Fed funds target range, upper boundOctober 28, 2026 | 4% | 4%September 16, 2026 |
| Fed funds target range, lower boundOctober 28, 2026 | 3.75% | 3.75%September 16, 2026 |
Source: Board of Governors of the Federal Reserve System. Data: B-NKER (b-nker.com), CC BY 4.0.
The upper bound of the federal funds target range is unchanged at 4%, the same level as after the decision of September 16, 2026. The lower bound is unchanged at 3.75%, matching the previous level of 3.75%. The Fed's statement described the decision in its own words: “The Committee decided to maintain the target range for the federal funds rate at 3-3/4 to 4 percent, in support of the Federal Reserve's dual mandate.”
This was the decision for October 28, 2026, and the range is the same as after the previous meeting on September 16, 2026. The next Fed rate decision is due Wednesday, Dec. 9, 2026, and the one after that follows on Wednesday, Jan. 27, 2027. Details of each meeting are in the FOMC rate decision calendar.
Next release
Wednesday, Dec. 9, 2026
Sources
- Board of Governors of the Federal Reserve System, FOMC rate decision, 2026-10-28
- Board of Governors of the Federal Reserve System, FOMC rate decision, 2026-09-16
Every figure in this article is checked by code against the official source before publication. Editorial policy · Corrections log. Information, not investment advice.
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