US Fed Meeting LIVE: The US Federal Reserve is expected to leave interest rates unchanged on Wednesday, October 28, as policymakers assess persistent inflationary pressures, rising oil prices and the approaching US midterm elections. The anticipated pause comes after the central bank raised interest rates in September for the first time in more than three years. The Federal Open Market Committee (FOMC) unanimously approved a 25-basis-point increase at its previous meeting, bringing the target interest rate range to 3.75%-4.00%.
The Fed's policy announcement will be followed by interest rate decisions from the European Central Bank and the Bank of Japan later this week, keeping global markets focused on the direction of monetary policy.
The Federal Reserve's two-day meeting commenced on October 27, 2026, and is scheduled to end on October 28. The 12-member committee will announce its interest rate decision at 11:30 PM IST (2:00 PM ET).
Fed Chair Kevin Warsh is expected to address the media shortly after the announcement. His press conference is scheduled to begin at approximately 12:00 AM IST (2:30 PM ET), giving Indian viewers an opportunity to follow the central bank's assessment of the economy and its policy outlook.
After maintaining an extended pause, the US central bank raised interest rates by 25 basis points in September 2026. This was its first rate increase since 2023 and the first under Fed Chair Kevin Warsh.