At its October meeting, the Federal Open Market Committee (FOMC) voted 10-2 to maintain the target range for the federal funds rate at 3.75% to 4.00%, with two members voting to raise rates by a quarter percentage point.
Fed Holds Rates Steady After September Increase: Capital Markets Monthly
OCT
29
At its October meeting, the Federal Open Market Committee (FOMC) voted 10-2 to maintain the target range for the federal funds rate at 3.75% to 4.00%, with two members voting to raise rates by a quarter percentage point. Policymakers approved a 25 basis point increase at their last meeting in September.