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Received — 28 October 2026 ⏭

Fed Holds Rates Steady Despite Lack of Progress on Inflation

✇NYT - Top Stories
By: Colby Smith
28 October 2026 at 21:27
Kevin M. Warsh, the chairman of the Federal Reserve, said an “information-rich” period before the central bank’s gathering in December will help officials determine next steps for policy.

© Athit Perawongmetha/Reuters

Kevin Warsh, the Fed chairman last week said that more had to be done to tame inflation.

WATCH: Warsh holds briefing after Fed leaves key interest rate unchanged

✇PBS NewsHour - The Latest
By: Christopher Rugaber · Associated Press
28 October 2026 at 14:14
The Federal Reserve kept its key rate unchanged Wednesday at about 3.9% despite stubbornly high inflation, while providing little hint about the central bank's next moves.

The Federal Reserve Will Release Its Interest Rate Decision Today. Here’s What to Watch.

✇NYT - Top Stories
By: Colby Smith
28 October 2026 at 09:05
The central bank is widely expected to hold interest rates steady on Wednesday, just days before the midterm elections.

© Al Drago for The New York Times

The Federal Reserve is expected to press pause on raising interest rates after delivering a rate increase last month for the first time since 2023.

How to Tax and Spend in a ‘Turbulent Time’? U.K. Tries a Balancing Act.

✇NYT - Top Stories
By: Eshe Nelson
28 October 2026 at 13:30
The new government, led by Andy Burnham, will deliver its first budget on Wednesday, a plan expected to tread between wide ambition and narrow financial limits.

© Pool photo by Carlos Jasso

Britain’s prime minister, Andy Burnham, in Downing Street on Monday. The first budget of the new government will be delivered in Parliament on Wednesday.

A Punishing Housing Market Is Squeezing Renters

✇NYT - Top Stories
By: Sydney Ember
28 October 2026 at 09:05
Higher mortgage rates and slowing residential construction are again giving landlords the upper hand.

© Grant Hindsley for The New York Times

Higher mortgage rates are pushing aspiring homeowners to keep renting, intensifying competition in the rental market.

Jim Chalmers is blaming Australia’s accelerating inflation on Trump – but voters aren’t buying it

✇The Guardian - World news
By: Patrick Commins
28 October 2026 at 05:58

As next week’s all but certain rate rise looms, there is one thing we can all agree on: the end of war in the Middle East can’t come soon enough

Jim Chalmers is blaming the latest shocking inflation figures on the worsening Middle East conflict, and he has a point.

The trouble is, voters aren’t buying what the treasurer is selling.

Continue reading...

© Photograph: Lukas Coch/Reuters

© Photograph: Lukas Coch/Reuters

© Photograph: Lukas Coch/Reuters

Australia’s inflation rate rises to 4.3%, fuelling fears of fifth interest rate hike this year

✇The Guardian - World news
By: Jonathan Barrett and Patrick Commins
28 October 2026 at 02:17

CPI release comes ahead of Reserve Bank decision next week as the Middle East conflict intensifies the cost-of-living crisis

Australia’s headline inflation rate has accelerated to 4.3%, with a key gauge that strips out volatile prices also elevated, sharpening expectations of another interest rate rise next week.

The Reserve Bank of Australia’s preferred measure of consumer prices, called underlying inflation, came in at an annual 3.6% to September.

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© Photograph: James Gourley/Getty Images

© Photograph: James Gourley/Getty Images

© Photograph: James Gourley/Getty Images

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