Fed Holds Rates Steady as Inflation Concerns Grow

The Federal Reserve is holding interest rates steady after September's rate hike, but inflation concerns could keep borrowing costs elevated. Rising energy prices tied to the war with Iran are complicating the Fed's next move, and two Fed officials are already pushing for another increase.

Kathy Fettke breaks down the latest Fed decision, changes to its rate-setting schedule, and what persistent inflation could mean for mortgage rates and the housing market.

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Source: https://www.cnn.com/2026/10/28/business/live-news/federal-reserve-interest-rate-october