> FOMC Statement Oct 28, 2026: What Changed
> Source: https://interestratedecision.com/fed/statements/october-2026/ · Content last changed: 2026-11-12
> InterestRateDecision.com: free to quote with a link to the page above.

The FOMC statement of Oct 28, 2026 against the one before it: 54 words added, 12 removed, shown in the Fed's own text.

# FOMC statement, Oct 28, 2026

Set against the statement of Sep 16, 2026: 54 words added, 12 removed, 102 kept. The text is the Fed’s, with no reading of what a change means.

Added ~Removed~ Unmarked words are the same as before.

The Committee decided to ~raise~ maintain the target range for the federal funds rate ~by 1/4 percentage point to~ at 3-3/4 to 4 percent, in support of the Federal Reserve's dual mandate. The Committee is continuing its policy of maintaining ample reserves in the banking system.

Economic activity is expanding at a ~solid~ strong pace. While uncertainty remains elevated owing, in part, to geopolitical developments, domestic spending has been resilient. Productivity growth is strong, and capital investment is robust. Job gains have kept pace with the workforce, and the unemployment rate has changed little.

Inflation remains elevated. ~Today's policy action~ The accumulation of more information will ~support~ help the Committee determine the policy stance appropriate to ensure a ~timelier~ timely return of inflation to the Committee's 2 percent goal. The Committee will deliver price stability.

Voting against the monetary policy action were Lisa D. Cook and Beth M. Hammack, who preferred to raise the target range for the federal funds rate by 1/4 percentage point at this meeting.

Source: [the Federal Reserve’s release of Oct 28, 2026](https://www.federalreserve.gov/newsevents/pressreleases/monetary20261028a.htm). What price did after it: [the rate decision page](https://interestratedecision.com/fed/october-2026/).

[← Sep 16, 2026](https://interestratedecision.com/fed/statements/september-2026/) · [All statements](https://interestratedecision.com/fed/statements/)

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