The US central bank left its benchmark rate unchanged on October 28, 2026. The target range for the fed funds rate stays at 3.75 to 4 percent. What stands out is not the decision itself but how it came about: two of the twelve voting members dissented, and both wanted to raise the rate rather than cut it. Anyone who spent recent months betting that cheaper money would support the crypto market from below has to reorder that expectation.
The target range stays at 3.75 to 4 percent
The Federal Open Market Committee, or FOMC, sets the range within which the overnight rate between American banks is meant to trade. Since the decision that range remains at 3.75 to 4 percent, written by the central bank as “3-3/4 to 4 percent”. For investors it is the benchmark against which every other yield is measured, including the yield on a staking product.
The statement describes the economy as strikingly robust. Activity is expanding “at a strong pace”, says the decision text of the Federal Reserve, job gains are keeping pace with the growth of the labor force, and the unem...
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