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Fed expected to hold interest rates steady but a hike is anticipated by year's end

NPR | By Scott Horsley,
A Martínez
Published October 28, 2026 at 4:45 AM EDT

The Federal Reserve is expected to hold its benchmark interest rate steady Wednesday. But investors think a rate hike in December is likely, as the central bank tries to tamp down inflation.

Copyright 2026 NPR
Scott Horsley
Scott Horsley is NPR's Chief Economics Correspondent.
See stories by Scott Horsley
A Martínez
A Martínez is one of the hosts of Morning Edition and Up First.
See stories by A Martínez