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Fed holds rates steady in October; Gundlach questions delay in further hikes amid inflation concerns

Market News
28 Oct 2026, 22:05 WIB
CNBC
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Fed holds rates steady in October; Gundlach questions delay in further hikes amid inflation concerns

The Federal Reserve decided to keep interest rates unchanged at its October meeting, surprising some investors. Jeff Gundlach, CEO of DoubleLine Group, criticized the Fed for not raising rates further, suggesting a 50 basis point hike was needed to better address inflation above the 2% target. Despite the pause, markets see an 85% chance of a 25 basis point increase in December. The Fed plans to use upcoming data to guide future policy decisions to meet its inflation goals.

Bond investor Jeff Gundlach and the Fed's rate pause provide context for Financials-sector trading on Pluang. As of Oct 29, 2026 01:21 WIB, 67 of 142 US Financial stocks rose while 74 fell. Notable movers include BBD at USD 2.75 with a -5.67% change and 100% buy orders, MRX at USD 65.91 down 5.17% with 100% buy orders, and AON at USD 317.63 up 5.00% with 68% sell orders.

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