K-SignalAI-generated
Fed Holds Key Rate at 3.75–4.00%
The U.S. Federal Reserve held its key interest rate steady at 3.75–4.00% on Oct. 28, after last month's quarter-point hike, Yonhap reports. The decision came as inflation accelerated in recent months due to oil and gas price spikes from the Iran war, though the Fed was widely expected to stand pat, according to the Korea Times. U.S. stocks drifted higher ahead of the announcement, with the S&P 500 up 0.2%. Korean media framed the move as a pause in tightening, with the Bank of Korea having similarly held its rate at 3.00% on Oct. 22 after back-to-back hikes.


















