US week: Fed holds at 3.75% to 4%, PCE inflation hits 3.6%
The Board of Governors of the Federal Reserve System held its federal funds target range at 3.75% to 4% on October 28, 2026. The U.S. Bureau of Economic Analysis put September PCE inflation at 3.6% in the week of Monday, Oct. 26, 2026.
Key figures
| Indicator | Value | Previous |
|---|---|---|
| Fed funds target range, lower boundOctober 28, 2026 | 3.75% | 3.75%September 16, 2026 |
| Fed funds target range, upper boundOctober 28, 2026 | 4% | 4%September 16, 2026 |
| US PCE price index, year on yearSeptember 2026 | 3.6% | 3.4%August 2026 |
| US core PCE price index (excluding food and energy), year on yearSeptember 2026 | 3.1% | 3.0%August 2026 |
Source: Board of Governors of the Federal Reserve System. Data: B-NKER (b-nker.com), CC BY 4.0.
What was published this week
- The Board of Governors of the Federal Reserve System held the Fed funds target range, lower bound at 3.75% on October 28, 2026, and it is unchanged from 3.75% set on September 16, 2026. The upper bound also holds at 4%, and the Fed said it decided to keep the range in place for its dual mandate.
- The U.S. Bureau of Economic Analysis reported that the US PCE price index, year on year rose to 3.6% in September 2026, a preliminary figure. It edges up from 3.4% in August 2026, as the agency's own release states: “From the same month one year ago, the PCE price index for September increased 3.6 percent.”
- The U.S. Bureau of Economic Analysis put US core PCE price index, which excludes food and energy, at 3.1% year over year in September 2026, a preliminary figure. It edges up from 3.0% in August 2026, and the agency said: “Excluding food and energy, the PCE price index increased 3.1 percent from one year ago.”
Next week
- The US international trade in goods release is due Wednesday, Nov. 4, 8:30 a.m. ET (13:30 GMT).
Next release
Wednesday, Nov. 4, 8:30 a.m. ET (13:30 GMT)
Sources
- Board of Governors of the Federal Reserve System, Fed funds target range, lower bound, 2026-10-28
- Board of Governors of the Federal Reserve System, Fed funds target range, lower bound, 2026-09-16
- U.S. Bureau of Economic Analysis, US PCE price index, year on year, 2026-09Source: U.S. Bureau of Economic Analysis. Data: B-NKER (b-nker.com), CC BY 4.0.
- U.S. Bureau of Economic Analysis, US PCE price index, year on year, 2026-08Source: U.S. Bureau of Economic Analysis. Data: B-NKER (b-nker.com), CC BY 4.0.
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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