Home / Crypto News / FOMC Meeting LIVE Updates Today Oct. 28: Kevin Warsh To Ratte Markets With Hawkish Fed Rate Decision?
LIVE COVERAGE Updated 19 secs ago
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03:15:00 PM UTC, 28 October 2026
US Inflation Accelerates to 3.7% As Fed Faces Surging Price Pressures
US inflation accelerated in September, complicating the Federal Reserve’s efforts to bring price pressures under control. The Consumer Price Index rose 3.7% year over year, compared with a 3.4% increase previously.
Energy costs contributed to the pressure, with gasoline prices climbing 9.1% during the month and rising 34.2% from a year earlier. The latest figures put inflation concerns at the center of the October FOMC meeting, as policymakers weigh the need for tighter monetary conditions against other risks facing the economy.
03:10:00 PM UTC, 28 October 2026
Fed FOMC Meeting: Markets Expect Rate Hold Despite More Hikes Ahead
The US Federal Reserve is expected to keep interest rates unchanged at its October Federal Open Market Committee (FOMC) meeting, even as investors prepare for further monetary tightening.
According to the CME FedWatch tool, markets were pricing in a 91% probability of a rate hold on Wednesday. However, expectations for December point in the opposite direction, with an 86% probability of rates moving higher. The outlook suggests investors are preparing for a temporary pause rather than an end to the Fed’s tightening cycle.
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