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Wednesday, October 28, 2026

← Oct 28, 2026 edition

Photo: Business Insider

Business & Finance · Economy · 36 outlets (L 6 · C 13 · R 11 · 6 not rated)

Fed holds interest rates steady days before midterm elections

The Federal Reserve voted Wednesday to hold interest rates steady at its final meeting before the midterm elections, keeping the federal funds rate at 3.75%-4%.⁠[24, 34, 35] The vote was 10-2, with Cleveland Fed President Beth Hammack and Fed Governor Lisa Cook dissenting in favor of a hike.⁠[19, 35] The central bank raised rates by a quarter point last month for the first time in three years.⁠[1, 14]

President Donald Trump has demanded that the Fed lower rates but has been repeatedly rebuffed, including by Chairman Kevin Warsh.⁠[4] Warsh said after the decision that politics played no role in it.⁠[8] Investors widely expect the Fed to raise rates by a quarter point at its next meeting in December.⁠[3, 18, 31]

Why it matters Fed Chairman Kevin Warsh announced the central bank will change its meeting calendar starting next year, including fewer rate-setting votes.⁠[6, 28]

Covered by The New York Times, NBC News, New York Post and 33 more

Read first Fed holds interest rates steady even as inflation remains high · CBS News

Where accounts differ (1)
  • FramingSome outlets framed the decision as a defeat for Trump: The Daily Beast ran 'Trump Suffers Blow as Fed Blows Off Interest Rate Cut,' describing his demands being 'repeatedly rebuffed.' Bloomberg instead led with Warsh's statement that 'politics played no role in the decision.'⁠[4, 8]
    • The Daily Beast · Leans left · Oct 28, 2:18 p.m. ET Trump Suffers Blow as Fed Blows Off Interest Rate CutKevin Lamarque/Reuters The Federal Reserve on Wednesday kept interest rates steady at its final meeting before next week’s midterm elections. Donald Trump has demanded that the central bank lower rates but has been…
    • Bloomberg · Center · Oct 28, 3:41 p.m. ET Politics Had No Role in Fed Rate Decision, Warsh Says"Politics played no role in the decision,” said Federal Reserve Chairman Kevin Warsh after the FOMC kept interest rates unchanged. (Source: Bloomberg)

How balanced is this coverage?

Of the 30 rated outlets that covered it, 6 are left of center, 13 are center and 11 are right of center (9 of them in the Right group). 6 more are not rated.

Where the outlets sit
HuffPost · Leans left · −1.06MS NOW · Leans left · −0.76The New York Times · Leans left · −0.70The Guardian · Leans left · −0.70NPR · Leans left · −0.68The Daily Beast · Leans left · −0.64NBC News · Center · −0.49PBS NewsHour · Center · −0.48Fortune · Center · −0.25ABC News · Center · −0.19International Business Times · Center · −0.14CBS News · Center · −0.14Business Insider · Center · −0.09Yahoo News · Center · +0.07Bloomberg · Center · +0.08The Hill · Center · +0.10UPI · Center · +0.17Forbes · Center · +0.19CNBC · Center · +0.40New York Post · Leans right · +0.64The American Conservative · Leans right · +1.06The Washington Times · Right · +1.27Washington Examiner · Right · +1.34IJR · Right · +1.52Fox Business · Right · +1.66The Daily Caller · Right · +1.91Breitbart · Right · +2.03The Daily Wire · Right · +2.07The Political Insider · Right · +2.65One America News Network · Right · +2.69
  • Left: none.
  • Leans left: HuffPost (−1.06), MS NOW (−0.76), The New York Times (−0.70), The Guardian (−0.70), NPR (−0.68), The Daily Beast (−0.64).
  • Center: NBC News (−0.49), PBS NewsHour (−0.48), Fortune (−0.25), ABC News (−0.19), International Business Times (−0.14), CBS News (−0.14), Business Insider (−0.09), Yahoo News (+0.07), Bloomberg (+0.08), The Hill (+0.10), UPI (+0.17), Forbes (+0.19), CNBC (+0.40).
  • Leans right: New York Post (+0.64), The American Conservative (+1.06).
  • Right: The Washington Times (+1.27), Washington Examiner (+1.34), IJR (+1.52), Fox Business (+1.66), The Daily Caller (+1.91), Breitbart (+2.03), The Daily Wire (+2.07), The Political Insider (+2.65), One America News Network (+2.69).

Not rated Al Jazeera, Fast Company, Financial Times, Semafor, BBC News, Los Angeles Times. Not placed: they have no lean score.

Each dot is an outlet that covered it, placed by its audience-lean score (Eady et al. 2025), which measures who shares its links, not how accurate it is. The ticks under the line are all 113 rated outlets Tare reads.

Read across the spectrum

Detailed briefing

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Sources

Left

  1. 1 HuffPost · Leans left · Oct 28, 2:12 p.m. ETFederal Reserve Keeps Rates Unchanged Despite Elevated Inflation, Gives Little Signal Of Its Next Move
  2. 2 MS NOW · Leans left · Oct 28, 2:21 p.m. ETFederal Reserve holds interest rates steady despite elevated inflation
  3. 3 NPR · Leans left · Oct 28, 2:04 p.m. ETFed holds interest rates steady even as inflation remains stubborn
  4. 4 The Daily Beast · Leans left · Oct 28, 2:18 p.m. ETTrump Suffers Blow as Fed Blows Off Interest Rate Cut
  5. 5 The Guardian · Leans left · Oct 28, 6:00 a.m. ETFed set to hold interest rates steady in last decision before midterms
  6. 6 The New York Times · Leans left · Oct 28, 4:02 p.m. ETFed Will Hold Fewer Rate-Setting Meetings Starting Next Year

Center

  1. 7 ABC News · Center · Oct 28, 5:18 a.m. ETFederal Reserve set to issue interest rate decision as midterm elections loom
  2. 8 Bloomberg · Center · Oct 28, 3:41 p.m. ETPolitics Had No Role in Fed Rate Decision, Warsh Says
  3. 9 Bloomberg · Center · Oct 28, 4:01 p.m. ETFed Says More Data Will Help Next Decision as It Holds Rates: Fed Special
  4. 10 Bloomberg · Center · Oct 28, 4:28 p.m. ETThe Fed Will Deliver Price Stability, Warsh Says
  5. 11 Bloomberg · Center · Oct 28, 5:15 p.m. ETFed Officials Left Interest Rates Unchanged
  6. 12 Business Insider · Center · Oct 28, 3:49 p.m. ETWhat smart people are saying after the Fed held rates steady
  7. 13 Business Insider · Center · Oct 28, 4:16 p.m. ETDissents, rising prices, and a change to the meeting schedule: 3 takeaways from the October Fed meeting
  8. 14 CBS News · Center · Oct 28, 2:02 p.m. ETFed holds interest rates steady even as inflation remains high
  9. 15 CBS News · Center · Oct 28, 5:36 p.m. ETFederal reserve holds interest rates steady despite high inflation
  10. 16 CNBC · Center · Oct 28, 2:06 p.m. ETFed holds rates steady despite concerns over inflation
  11. 17 CNBC · Center · Oct 28, 5:31 p.m. ETHere are five key takeaways from the Fed rate decision and Warsh news conference
  12. 18 Forbes · Center · Oct 28, 2:11 p.m. ETFed Holds Interest Rates Despite High Inflation Data As Midterms Loom
  13. 19 Fortune · Center · Oct 28, 3:24 p.m. ETFor the first time since 1992, a Fed governor and president dissented together, as Kevin Warsh says the ‘monetary medicine’ is starting to work
  14. 20 International Business Times · Center · Oct 28, 6:31 a.m. ETMost Economic Actors Expect the Fed to Keep Rates Unchanged But Hike in December: Poll
  15. 21 International Business Times · Center · Oct 28, 4:05 p.m. ETThe Fed Kept Rates Unchanged. Stocks Edged Up.
  16. 22 NBC News · Center · Oct 28, 2:50 p.m. ETFederal Reserve keeps interest rates unchanged in final vote before midterms
  17. 23 PBS NewsHour · Center · Oct 28, 10:14 a.m. ETWATCH LIVE: Fed chair Warsh holds briefing after latest interest rate decision
  18. 24 The Hill · Center · Oct 28, 2:11 p.m. ETWatch live: Warsh speaks after Fed votes to keep interest rates steady
  19. 25 UPI · Center · Oct 28, 10:03 a.m. ETFederal Reserve expected to pass on interest rate hike, for now
  20. 26 Yahoo News · Center · Oct 28, 3:39 p.m. ETFederal Reserve holds interest rates steady in split vote ahead of midterm elections
  21. 27 Yahoo News · Center · Oct 28, 3:41 p.m. ETThe Fed will make fewer rate decisions in 2027, giving markets more to sweat over

Right

  1. 28 Breitbart · Right · Oct 28, 2:44 p.m. ETWarsh Announces A New Type of Fed Meeting Focused on Strategy
  2. 29 Fox Business · Right · Oct 28, 2:00 p.m. ETFederal Reserve makes interest rate decision ahead of midterms
  3. 30 IJR · Right · Oct 28, 2:58 p.m. ETFed Plans Strategy Meetings, Fewer Rate Decisions
  4. 31 New York Post · Leans right · Oct 28, 2:03 p.m. ETFed holds interest rates steady – but investors bet on December rate hike
  5. 32 One America News Network · Right · Oct 28, 1:13 p.m. ETFederal Reserve likely to skip rate hike despite elevated inflation
  6. 33 The American Conservative · Leans right · Oct 28, 3:10 p.m. ETFed Keeps Rates Steady Despite ‘Elevated’ Inflation
  7. 34 The Daily Caller · Right · Oct 28, 2:00 p.m. ETFed Holds Interest Rates Steady At Final Meeting Before Election
  8. 35 The Daily Wire · Right · Oct 28, 9:53 a.m. ETFederal Reserve Drops Final Interest Rate Decision Before Midterms
  9. 36 The Political Insider · Right · Oct 28, 12:15 p.m. ETWill the Fed Pause Now and Hike Later?
  10. 37 The Washington Times · Right · Oct 28, 2:12 p.m. ETFed holds interest rates steady before Election Day, though December hike possible
  11. 38 Washington Examiner · Right · Oct 28, 2:03 p.m. ETFed holds interest rates steady before elections, with two dissents

Not rated

  1. 39 Al Jazeera · Not rated · Oct 28, 3:05 p.m. ETFed leaves interest rates unchanged despite inflation in the US
  2. 40 BBC News · Not rated · Oct 28, 3:42 p.m. ETUS central bank holds interest rates steady ahead of midterm elections – here's what that means
  3. 41 Fast Company · Not rated · Oct 28, 9:30 a.m. ETHow the Fed is likely to act on interest rates days just before the midterm elections
  4. 42 Financial Times · Not rated · Oct 28, 12:51 p.m. ETFed to decide on potential rate rise before US midterms
  5. 43 Los Angeles Times · Not rated · Oct 28, 3:35 p.m. ETFederal Reserve keeps rates unchanged despite elevated inflation, gives little signal of next move
  6. 44 Semafor · Not rated · Oct 28, 3:50 p.m. ETFed holds rates steady despite dissents
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