Central Banks
Latest news, analysis, and updates on Central Banks from A47 News.
18 stories in Economy · Updated live
Federal Reserve Holds Rates Steady at 3.75-4% as Inflation Climbs to 3.7% on Energy Prices
On October 28, 2026, the Federal Open Market Committee voted 10-2 to keep its federal funds rate target at 3.75% to 4% despite September inflation rising to 3.7% year over year. The hold followed a 25 basis point increase in September and came as surging energy prices tied to Iran-related geopolitical tensions pushed price pressures higher, with two governors dissenting in favor of an immediate hike. The decision leaves the December 2026 meeting as the next opportunity for action, and the Fed's stance will depend on incoming PCE data and whether tightening credit conditions are sufficient to bring inflation back toward its 2% target before the midterm elections.
Federal Reserve to Cut Rate-Setting Meetings from 2027 to Prioritize Strategic Policy Review
On October 28, 2026, Federal Reserve Chairman Kevin Warsh announced that the FOMC will hold eight annual meetings but convert one meeting in 2027 and two in 2028 into strategy-only sessions without rate votes or policy statements. The change follows the Fed's decision to hold rates steady and reflects Warsh's push, first raised at the July 2026 meeting, to allow more data accumulation and dedicated time for long-horizon deliberation. The move is likely to be phased in from fall 2027, reducing rate decisions to seven and then six per year while the Fed remains legally bound to meet at least four times annually.
Federal Reserve Holds Benchmark Rate at 3.75% to 4% in 10-2 Vote as Bitcoin Trades Near $81,000
On October 28, 2026, the Federal Open Market Committee kept the federal funds target range unchanged at 3.75% to 4% in a 10-2 vote, with two dissents favoring a quarter-point hike. The decision was prompted by resilient U.S. economic growth and strong domestic spending that coexist with inflation still running above the 2% target, a combination that kept policymakers cautious despite markets pricing in a near-certain hold. Attention now shifts to the December FOMC meeting, where futures markets are pricing elevated odds of a further rate increase, which would continue to shape Bitcoin's sensitivity to monetary policy expectations and Treasury yields.
Gold Holds Above $4,000 as Markets Await Federal Reserve Rate Decision
Spot gold traded near $4,068 per ounce on October 28, 2026, extending a consolidation above the $4,000 psychological level. The rebound followed a test of a three-month low near $3,975 and was supported by expectations of a Fed rate hold at the October meeting with possible tightening signals for December. Looking ahead, gold's direction will hinge on Chair Warsh's communications, upcoming PCE inflation data, and whether persistent energy-driven inflation pressures push the Fed toward a more hawkish stance, while continued central bank buying provides underlying support.
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Federal Reserve to Cut Rate-Setting Meetings from 2027 to Prioritize Strategic Policy Review
On October 28, 2026, Federal Reserve Chairman Kevin Warsh announced that the FOMC will hold eight annual meetings but convert one meeting in 2027 and two in 2028 into strategy-only sessions without rate votes or policy statements. The change follows the Fed's decision to hold rates steady and reflects Warsh's push, first raised at the July 2026 meeting, to allow more data accumulation and dedicated time for long-horizon deliberation. The move is likely to be phased in from fall 2027, reducing rate decisions to seven and then six per year while the Fed remains legally bound to meet at least four times annually.
Federal Reserve Holds Rates Steady at 3.75-4% as Inflation Climbs to 3.7% on Energy Prices
On October 28, 2026, the Federal Open Market Committee voted 10-2 to keep its federal funds rate target at 3.75% to 4% despite September inflation rising to 3.7% year over year. The hold followed a 25 basis point increase in September and came as surging energy prices tied to Iran-related geopolitical tensions pushed price pressures higher, with two governors dissenting in favor of an immediate hike. The decision leaves the December 2026 meeting as the next opportunity for action, and the Fed's stance will depend on incoming PCE data and whether tightening credit conditions are sufficient to bring inflation back toward its 2% target before the midterm elections.
Federal Reserve Holds Federal Funds Rate at 3.75%-4% in 10-2 Vote With Two Dissents Favoring Hike
On October 28, 2026, the Federal Open Market Committee voted 10-2 to maintain the federal funds rate target range at 3.75% to 4%, with Governor Lisa Cook and Cleveland Fed President Beth Hammack dissenting in favor of a 25-basis-point increase. The decision reflects the Committee's judgment that additional data was needed before further tightening, even as inflation remains above 3% amid strong economic activity and resilient domestic spending. Markets are pricing a high probability of a December rate hike, which would extend the tightening cycle and carry implications for USD strength and oil-linked import costs in the Gulf.
Federal Reserve Holds Benchmark Rates at 3.75%-4% as Inflation Remains Elevated
On October 28, 2026, the FOMC voted 10-2 to keep the federal funds target range at 3.75% to 4% while upgrading its assessment of economic growth to a strong pace. The decision follows the September 2026 quarter-point hike, the first increase since 2023, and persistent price pressures well above the 2% target. The Fed is likely to remain data-dependent, with dissenting governors signaling readiness for further tightening if upcoming inflation and employment data stay elevated.