Morning Edition · Thursday, October 29, 2026Published at 1:42 AM EDT · New York
Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented in favor of a quarter-point increase, Chair Kevin Warsh said inflation is too high, and $356 million in crypto positions were liquidated over 24 hours.

The Federal Reserve left its target range at 3.75% to 4% on October 28, in a 10-2 vote. Governor Lisa Cook and Cleveland Fed President Beth Hammack both preferred a quarter-point increase. Fortune reported that it was the first time since 1…
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Part of a tracked trend
Inflation Reacceleration Reopens the Hiking Cycle
US core inflation prints keep coming in above consensus, forcing markets to price renewed Fed tightening rather than the cuts that underpinned 2025 risk-asset positioning, so each upside CPI surprise repeats the same transmission — higher front-end rates, a firmer dollar, and compressed multiples on long-duration and leveraged assets.
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