Fed holds rates at 3.75%-4% six days before legislative elections

FinanceInternationalCaracol RadioOct 28, 2026, 6:42 PM30 s readAI summary

The U.S. Federal Reserve kept its benchmark interest rates unchanged in the 3.75%-4% range, days before the November 3 legislative elections. Two of the twelve monetary policy officials, Lisa Cook and Beth Hammack, called for a quarter-point increase. The FOMC argued it needs more data after September's hike and said economic activity is expanding at a "strong" pace.

In 30 seconds

The Fed left rates in the 3.75%-4% range, as expected.
Lisa Cook and Beth Hammack voted for an immediate 0.25 percentage point increase.
The FOMC said gathering more information will help it determine the appropriate policy stance to bring inflation back to 2%.

Read the full story at Caracol Radio

IASummary generated by artificial intelligence from a story by Caracol Radio. It may contain errors: the original source prevails.

Reserva Federal
tasas de interés
inflación
Estados Unidos
política monetaria

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Fed holds rates at 3.75%-4% six days before legislative elections

In 30 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day