Fed Holds Rates at 3.75%–4.00% in a 10–2 Vote: How QQQ, SPY and Bitcoin Reacted

The Federal Reserve kept its target range at 3.75% to 4.00% on October 28, 2026, pausing six weeks after its September hike. Two officials, Governor Lisa Cook and Cleveland Fed President Beth Hammack,...

Summary

• The Federal Reserve kept its target range at 3.75% to 4.00% on October 28, 2026, pausing six weeks after its September hike.
• Two officials, Governor Lisa Cook and Cleveland Fed President Beth Hammack, dissented in favor of another quarter-point increase.
• Markets now see a December hike as likely: CME FedWatch priced an 85.0% chance after the close, up from 78.3% a day earlier, Reuters reported.
• The S&P 500 rose 0.28% and the Nasdaq Composite 0.27%, and on MEXC the bigger moves in QQQ and SPY contracts came after the closing bell, when Microsoft and Alphabet reported.

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