The Federal Reserve kept its benchmark overnight funds rate in the 3.75%-4% range, as widely expected, after raising it by a quarter percentage point in September, and said inflation remains elevated. Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented, both wanting a quarter percentage-point hike, while Logan and Kashkari, who had dissented in July, joined the majority. The administration has restarted its effort to remove Cook after the Supreme Court halted earlier attempts, with a hearing scheduled for early November. Activity was described as expanding at a strong pace, and futures pricing pointed to a strong possibility of another hike in December, while Chairman Kevin Warsh has avoided providing forward guidance. Inflation by the Fed's preferred gauge is expected to be above 3% for September excluding food and energy, while the Atlanta Fed's GDPNow tracker points to 3.4% annualized growth in the third quarter.
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Related tickers and likely impact
DXY
▲ Likely positiveRelevance: high
| Market | Currencies |
|---|---|
| Close on 10/27/2026 | 102.37 |
| Change that session | +0.35% |
XAU/USD
▼ Likely negativeRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/27/2026 | 4,060.32 |
| Change that session | +1.07% |
BTC/USDT
▼ Likely negativeBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/27/2026 | 80,909.77 |
| Change that session | +0.95% |
QQQ
• NeutralInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/27/2026 | 721.23 |
| Change that session | +1.27% |
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/27/2026 | 769.72 |
| Change that session | +0.57% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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