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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 1:45 AM PDT

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.
A Martínez
A Martínez is one of the hosts of Morning Edition and Up First.