Fed keeps rates on hold despite inflation surge; ASX set to rise, Wall Street advances

The Sydney Morning Herald - Oct 28, 2026

It was a widely expected move, with the central bank opting to delay any changes to borrowing costs until after next week’s US midterm elections and awaiting further data on the path of inflation.

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Fed keeps rates on hold despite inflation surge; ASX set to rise, Wall Street advances

More News

Wesfarmers chair Michael Chaney preaches AI caution amid all the talk of transformation

Anthropic brings its mega IPO to Australia’s AI-starved investors

Trump’s America is facing a reckoning as it drowns in debt

Right Resources clocks 90% gold recoveries in NSW met test

ASX ends flat as inflation boosts rate rise bets; tech stocks rally

Forrestania adds more gold ounces to WA production pipeline

Hastings completes US$15M Thai rare earths plant deal

Aurum powers past 3.8Moz gold at West African flagship

McLaren adds fresh upside to monster WA mineral sands play

Thank you, Mr President: BlueScope gets a windfall from Trump’s tariffs

Dateline pledges to deliver US gold vision of late chairman

‘Profit over compliance’: Star says it can afford $260m money-laundering fine

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