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Fed expected to hold interest rates steady but a hike is anticipated by year's end

NPR | By Scott Horsley,

A Martínez

Published October 28, 2026 at 2:45 AM MDT

The Federal Reserve is expected to hold its benchmark interest rate steady Wednesday. But investors think a rate hike in December is likely, as the central bank tries to tamp down inflation.

Scott Horsley

Scott Horsley is NPR's Chief Economics Correspondent.

See stories by Scott Horsley

A Martínez

A Martínez is one of the hosts of Morning Edition and Up First.

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