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Fed holds interest rates steady at 3.75-4%, inflation remains a concern, no future guidance given.

Market News
28 Oct 2026, 21:13 WIB
Kitco
View Source
Bearish
Fed holds interest rates steady at 3.75-4%, inflation remains a concern, no future guidance given.

The Federal Reserve's FOMC voted 10-2 to keep the federal funds rate unchanged at 3.75-4%, citing strong economic growth and resilient domestic spending despite geopolitical uncertainties. Inflation remains elevated, and the Fed emphasized its commitment to returning inflation to its 2% target but provided no guidance on future rate changes. Two members dissented, preferring a 25 basis point rate hike. Following the announcement, gold prices fell by 0.60%.

Gold price movements are highlighted here with Pluang's market snapshot as of Oct 29, 2026 00:22 WIB: Among 150 priced US stocks tradable on Pluang, 71 rose and 79 fell today. Notable movers include GSK at USD 48.70 with a 1-day change of -4.40% and 100% sell order activity, AMAT at USD 413.26 with a 1-day change of +4.38% and 64% buy order activity, and HOOD at USD 90.65 with a 1-day change of -4.13% and 95% buy order activity. The most notable figure is GSK's full sell order activity on Pluang.

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