Business

How the Fed is likely to act on interest rates just days before the midterm elections

Fast Company·Oct 28, 2026 · 8:30 AM CT
Read the original at Fast Company
Readthrough summary

The Federal Reserve, led by Chairman Kevin Warsh, is expected to hold rates steady Wednesday even though inflation has picked up as the Iran war pushed up oil and gas prices. The Fed raised its key rate last month for the first time in three years, from about 3.6% to 3.9%, and the decision lands less than a week before midterm elections focused on the cost of living.

Summary written by Readthrough from the original article. The full story, with photos and any updates, is at Fast Company.

Read the original at Fast Company

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