Economy · 3 sources combined
U.S. holds key rate steady
maintains 3.75–4.00%
In short
The U.S. Federal Reserve kept its benchmark interest rate unchanged.
It paused after raising rates last month.
A further increase in December is being discussed as a possibility.
Key facts
| When | The decision was made at the FOMC (Federal Open Market Committee) meeting held over two days on October 28 (local time). |
|---|---|
| Who | The U.S. Federal Reserve (the Fed) announced it. |
| What | It held the benchmark rate at 3.75–4.00% annually. |
| How | One month after a 0.25 percentage point increase last month, it took a pause. |
What it means for me
There is no major change in loan rates or exchange rates for now, but the December decision should be watched closely.
