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Fed holds key interest rate at 3.9% as inflation remains elevated

Marcus Chen
Marcus Chen
Marcus Chen
Managing Editor · St. Paul, MN

Marcus manages the day-to-day editorial workflow across all brands, coordinating coverage assignments and ensuring editorial standards are met. He previously served as city editor at the Pioneer Press and holds a degree in Political Science from Carleton College.

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Managing Editor · Wednesday, October 28, 2026 at 6:56 PM · 1 min read
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Fed holds key interest rate at 3.9% as inflation remains elevated — Moorhead Community news

The Federal Reserve kept its benchmark interest rate unchanged at about 3.9% Wednesday as inflation remained above its 2% target, offering little guidance on its next move.

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