Summary of the Fed's decision (10/28/2026):
The Fed leaves interest rates unchanged after the September hike.
The rate freeze was a 10-2 decision, with Cook and Mack opposing in favor of a rate hike.
The Fed says economic activity is "expanding at a strong pace."
The Fed says inflation "remains high" and is looking for more information.
The Fed notes that "geopolitical developments" contribute to uncertainty.
The Fed repeats that "the committee will provide price stability".