Business
Fed expected to hold rates steady as inflation accelerates and Trump pushes for cuts
October 27, 2026 at 09:58 PM
Coverage
2 reports · 1 in Arabic, 1 in English · over 7 hours
The Federal Reserve is expected to hold its benchmark rate steady Wednesday as inflation accelerated to 3.7% and President Trump pressed for cuts.
- Fed officials raised the benchmark rate by 25 basis points last month to 3.75%–4%, the first hike in three years.
- US annual inflation reached 3.7% in September, up from 3.4% in the previous two months, exceeding market forecasts.
- Trump has pressured the Fed to cut rates to lower borrowing costs.
- Fed officials have signaled they favor waiting for more data over another immediate hike.