Federal reserve holds interest rates steady despite high inflation
Channel: CBS News
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Duration: PT188S
Read a transcript preview of “Federal reserve holds interest rates steady despite high inflation” from CBS News, uploaded on 2026-10-28.
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Language: English (original, YouTube automatic captions)
[0:00] Well, stocks ended in positive territory
[0:02] today as investors reacted to the
[0:04] Federal Reserve's decision to leave
[0:06] interest rates virtually unchanged. You
[0:09] can see the Dow closed up over 90 points
[0:12] today. Now, the Federal Reserve chose to
[0:13] hold interest rates steady today after
[0:16] hiking borrowing costs in September.
[0:18] This means the federal funds rate is
[0:20] holding at a target range of 3.75
[0:24] to 4%. I want to bring in CBS News Money
[0:27] Watch correspondent Kelly O'Grady.
[0:28] Kelly, what was the Fed's r