# Fed Holds Rates at 3.75%-4%; December Hike Odds at 85%

> Fed keeps rates steady at 3.75%-4% as December hike odds hit 85%.
- Title: Fed Holds Rates at 3.75%-4%; December Hike Odds at 85%
- Summary: Fed keeps rates steady at 3.75%-4% as December hike odds hit 85%. The US Federal Reserve held interest rates at 3.75%-4.00% with 85% chance of a December…
- Keywords: federal reserve, interest rate, fomc, december hike, treasury yield, inflation, cpi, pce, finance, markets, Fed, Holds
- Source: BigGo Finance — https://finance.biggo.com/news/d3ea7e48-a5ca-4470-aa4b-77d256814139
- Author: BigGo Finance
- Published: 2026-10-28T20:55:27+00:00
- Read time: 1 min
- Topics: federal reserve, interest rate, fomc, december hike, treasury yield, inflation, cpi, pce, finance, markets
## Fed Holds Rates
The US Federal Reserve held its benchmark interest rate at 3.75%-4.00% on the 28th.
## Vote Split
The vote was 10-2 with Fed Governor Lisa Cook and Cleveland Fed President Beth Hammack dissenting.
## Chair Warsh's Stance
Chair Kevin Warsh stressed inflation remains too high with no exceptions to price stability.

> There are no exceptions or caveats to delivering price stability, and there will not be
## Economic Assessment
The Fed upgraded economic activity from "solid" to expanding at a "strong pace".
## Market Reaction
10-year Treasury yield rose to 5.047% as interest-rate futures price 85% chance of December hike.
## Fed Meeting Structure
Fed plans to overhaul meeting structure starting in 2027 with one strategic meeting per year.
## Inflation Concerns
Chair Warsh noted inflation remains too high with financial conditions tightening.
## Political Context
Fed officials mentioned no political considerations during the meeting despite midterm elections approaching.

> there was no mention of the political situation or elections during the meeting, and political considerations never played a role
## Key takeaway

The US Federal Reserve held interest rates at 3.75%-4.00% with 85% chance of a December hike.