The Federal Reserve held its target interest rate range at 3.75% to 4.00% on October 28, 2026, in a 10-2 vote. Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented in favor of a quarter-point increase. The Fed called economic activity “strong,” rather than “solid” as it had in September, but said it needed more information to determine the appropriate policy stance.
Bitcoin rose about 0.2% to roughly $80,950 in the minutes after the announcement. The Fed’s next meeting is scheduled for December 8-9, when it will also release new economic projections.
