Fed holds rates: the US Federal Reserve kept its benchmark interest rate unchanged at 3.75% to 4% on October 28, voting 10-2, with two officials dissenting in favor of another rate hike.
Fed Governor Lisa Cook and Cleveland Fed President Beth Hammack both preferred a quarter-point increase. The Fed described economic activity as strong but said inflation remains elevated, with consumer prices up 3.7% in September. Officials said more information will guide their next decision in December. All visuals in this video are AI-generated illustrations, not footage of the actual events.
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