Federal Reserve

3 stories since 28 October 2026, newest first

29 October 2026

SK hynix posts record quarterly profit as Asian tech stocks rally

SK hynix reported third-quarter operating profit of US$62.8bn, up 632% on the year, marking six straight quarters of record revenue and operating profit. Asian technology shares surged after the results, with investors citing renewed optimism about artificial intelligence demand. Separately, Anthropic reported first-half revenue growth of about 1,300% in its IPO filing, and Broadcom, Citi, Blackstone and Morgan Stanley announced a US$63bn financing structure for the company. Markets were also awaiting the Federal Reserve's policy decision.

EuronewsFortuneAI summary · 2 sources: Summarised with AI from 2 sources. Read our AI policy

28 October 2026

EconomyWed 22:10

Fed holds rates steady at 3.75 to 4 percent

The Federal Open Market Committee left its target range for the federal funds rate unchanged at 3.75 to 4 percent. The decision passed by a 10 to 2 vote. Governors Lisa D. Cook and Beth M. Hammack dissented, preferring a 0.25 percentage point increase. The committee said economic activity is expanding at a strong pace while inflation remains elevated, and it reiterated its aim of returning inflation to 2 percent.

Federal ReserveAI summary · 1 source: Summarised with AI from 1 source. Read our AI policy

EconomyWed 21:40

Fed holds rates steady as inflation stays elevated

The US Federal Reserve kept its benchmark interest rate in a 3.75 to 4.00 per cent range on 28 October 2026, according to the Federal Open Market Committee. The decision was a 10 to 2 vote. Two members, Governor Lisa Cook and Cleveland Fed President Beth Hammack, wanted another quarter-point increase. The Fed had raised rates in September for the first time since 2023. Consumer prices rose 3.7 per cent from a year earlier in September, while core inflation rose 2.6 per cent. The decision came six days before the US midterm elections, where inflation is a key issue.

CNBCEuronewsThe Hindu +2AI summary · 5 sources: Summarised with AI from 5 sources. Read our AI policy

Topics