Houthi rebels attack major Saudi refinery as Brent crude rises to $111.33
Houthi rebels attacked a major Saudi refinery as Brent crude climbed 1.8% to $111.33 a barrel.
Event / Economy
US Federal Reserve Policy 2026
Federal Reserve monetary policy decisions and economic outlook for 2026, including interest rate adjustments, inflation management, and economic forecasting.
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33 articles0 articles
2026-08-29 to 2026-10-31 · UTC publication dates
Coverage begins 29 Aug, 01:04 UTC
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What happened
SK Hynix reports record quarterly operating profit of 83.3 trillion won
SK Hynix reported a record operating profit of 83.3 trillion won ($62.8 billion) for the latest quarter, nearly seven times higher than a year earlier and above market estimates. Its shares rose sharply in Seoul on the day of the Fed decision.
Fed statement says inflation remains elevated while economic activity expands
The post-meeting statement said inflation remains elevated and economic activity is expanding at a strong pace. It cited resilient domestic spending, strong productivity growth, robust capital investment, and job gains that have kept pace with the workforce.
Trump sets up committee to examine mortgage fraud allegations against Lisa Cook
In September 2026 President Donald Trump set up a committee to examine allegations that Fed Governor Lisa Cook committed mortgage fraud. Cook has denied the allegations. This was a renewed effort to remove her from the Board.
US consumer prices rise 3.7% year over year in September 2026
US consumer prices rose 3.7% from a year earlier in September 2026, up from 2.4% in February 2026, just before the Iran war. The consumer price index rose 0.3% month over month in both August and September.
S&P 500 edges up ahead of the Fed decision, near its all-time high
The S&P 500 rose 0.2% in morning trading on the day of the Fed decision, within about 1% of its all-time high set earlier in October 2026.
US economy forecast to grow 3% in July-September quarter
US economic growth for the July-September 2026 quarter is forecast to reach 3%, up from 2.2% in the April-June quarter. The government is scheduled to publish the figure on Thursday.
Federal Open Market Committee votes 10-2 to hold rates steady
The Federal Open Market Committee voted 10-2 to leave the federal funds rate unchanged. Two members dissented, each favoring a 25-basis-point increase.
Supreme Court rules Lisa Cook may keep her Fed post during litigation
In June 2026 the Supreme Court ruled that Fed Governor Lisa Cook could keep her job while litigation over her removal by the Trump administration continued.
Brent crude rises 1.8% to $111.33 a barrel
Brent crude, the international oil benchmark, rose 1.8% to $111.33 a barrel amid continued uncertainty over developments in the Middle East.
South Korea's Kospi closes up 6.6% at 6,012.44
South Korea's Kospi index closed at 6,012.44 after rising 6.6%, led by a surge in SK Hynix shares.
Houthi rebels attack a major Saudi Arabian refinery
Iran-backed Houthi rebels attacked a major refinery in Saudi Arabia during the week of the Fed decision, contributing to higher oil prices.
Federal Reserve keeps federal funds rate unchanged at 3.75% to 4%
The Federal Reserve held its benchmark federal funds rate steady in the target range of 3.75% to 4% at its October 2026 meeting, after raising the rate by 25 basis points in September.
Fed Chair Kevin Warsh states the inflation target is 2% measured by PCE
Fed Chair Kevin Warsh said the Fed has no soft or implicit inflation target. He stated the price stability target is 2%, as measured by the personal consumption expenditures (PCE) price index.
Average 30-year US mortgage rate reaches 7.4%, a three-year high
The average 30-year mortgage rate reached a three-year high of 7.4% earlier in October 2026 before slipping somewhat. Higher mortgage rates have made buying a home unaffordable for an estimated 5 million additional Americans since the start of 2026.
Futures markets price in a Fed rate hike in December 2026
Wall Street investors had priced in a federal funds rate hike at the Fed's December 2026 meeting, according to futures market pricing.
10-year Treasury yield stands at 4.99% after topping 5.30% earlier in October
The yield on the 10-year Treasury was 4.99% on the morning of the decision. It had earlier in October reached above 5.30%, its highest level since 2002, before pulling back.
Lisa Cook and Beth Hammack dissent in favor of a quarter-point rate hike
Fed Governor Lisa Cook and Cleveland Fed President Beth Hammack voted against holding rates steady and in favor of raising the federal funds rate by 25 basis points. It was Cook's first dissent since she joined the Board of Governors in 2022.
US unemployment rate stands at 4.2%
The US unemployment rate was 4.2% at the time of the decision, while hiring has been sluggish.
Fed announces FOMC will hold eight meetings per year starting in 2027
Starting in 2027, the FOMC will hold eight meetings per year. One 2027 meeting will focus exclusively on broad monetary policy strategy, with no rate vote or policy statement anticipated. Warsh said 2028 is expected to include two strategy meetings and six policy meetings.
US midterm elections take place six days after the Fed decision
The Fed's decision came six days before the US midterm elections. The campaign has focused heavily on cost of living and affordability concerns.
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2 alternative perspectives
Kospi jumps 6.6% as SK Hynix posts record profit before Fed decision
Kospi rose 6.6% alongside SK Hynix's record profit, while the S&P 500 neared its all-time high before the Fed decision.
Mortgage rates hit three-year high as 10-year Treasury yield holds near 5%
US mortgage rates reached a three-year high of 7.4%, while the 10-year Treasury yield sits at 4.99%.
Futures Price In December Fed Hike as Inflation Reaches 3.7%
Futures markets now price in a December 2026 Fed rate hike as September inflation reached 3.7%.
Supreme Court Lets Lisa Cook Keep Fed Post During Litigation
The Supreme Court let Lisa Cook keep her Fed post during litigation as a separate mortgage fraud review proceeds.
Fed holds rates steady as two officials dissent for a hike
The Fed held rates at 3.75% to 4% on a 10-2 vote, with two dissenters favoring a hike.
Fed Officials Map Path Forward: One More Rate Hike Before Year-End
Fed officials signal one more rate hike this year as inflation persists above 2% target despite softening employment.
September inflation surges to 3.7% as energy costs spike sharply
September inflation surged to 3.7% as energy costs spiked, though the Fed projects 2027-2028 decline.
Retail sales expected to falter as housing costs squeeze consumers
Rising mortgage rates and housing fees pressure consumers, threatening retail spending momentum despite labor market resilience.
Trump diesel deal and Iran tensions push oil prices to $106.95
Trump's Russian diesel deal and Iran war tensions push Brent crude to $106.95.
Inflation Resurges as Fed Signals More Rate Increases Ahead
Inflation resurgence pushes Federal Reserve toward additional rate increases despite weakening employment.
September job gains collapse as unemployment rises to 4.2%
September's weak job gains and rising unemployment signal labor market cooling amid persistent inflation pressures.