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2 outlets · filed 28 October 2026

Federal Reserve holds interest rates steady as midterm elections loom

This story is from the archive. It was covered between 28 October 2026 and 28 October 2026, and nothing below has been updated since. See what is happening now.

BREAKING: The Federal Reserve held interest rates steady on Wednesday as the economy faces a monthslong surge of inflation ahead of the midterm elections. ABC News' Elizabeth Schulze reports.

60 Minutes

What the coverage shows

Both outlets focus on the Fed keeping rates unchanged, and both link that decision to ongoing inflation. The Hill foregrounds the FOMC vote count and the target range, while ABC News frames the same move around the midterm elections and, in one of its items, labels it as breaking.

Written by Crossfiled from the 3 headlines and extracts below, not from the articles themselves. It describes how the outlets framed this, not what happened. Open any headline for a summary of that article.

60 MinutesABC News

How it broke

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