WASHINGTON, October 28, 2026: With the November 3 midterm elections less than a week away, the United States is watching three major developments: a Federal Reserve interest-rate pause, an intense final campaign push, and mixed trading on Wall Street.
Federal Reserve keeps interest rates unchanged
The Federal Reserve voted 10–2 on Wednesday to maintain its benchmark federal funds target range at 3.75% to 4.00%. Officials acknowledged that inflation remains elevated and said additional information would help determine future policy. The decision does not mean individual mortgage or credit-card rates will immediately fall: those rates also depend on lenders, market expectations and borrowers’ circumstances.
Reuters reported that two policymakers preferred an increase. The central bank’s next decisions will depend on inflation and economic conditions. Read the Federal Reserve’s official meeting information.
Trump and Obama campaign ahead of November 3 vote
President Donald Trump and former President Barack Obama took their parties’ messages to competitive states in the closing week of the congressional midterms. Trump was campaigning in Ohio while Obama was scheduled to rally Democrats in Georgia on Wednesday, according to Reuters and the Associated Press. Vice President JD Vance was also campaigning in North Carolina.
Voters will decide control of the House of Representatives and Senate. The high cost of living, fuel prices and the war involving Iran are among the prominent campaign issues. Polling can indicate public sentiment but cannot predict the outcome of individual races.
For voting rules and election administration, consult the official US government voting guide. For related coverage, see our October midterm polling report and AP-NORC voter concerns explainer.
Wall Street reacts to Fed decision
US stock indexes were mixed to modestly higher in Wednesday trading following the Fed announcement. Investors also focused on artificial-intelligence-linked technology companies and major corporate earnings. Market moves can change rapidly during the session, so intraday readings should not be treated as final closing figures.
What American readers should watch next
Key dates include the November 3 midterm election and the Federal Reserve’s next scheduled policy meeting. Readers should verify their own state’s registration, early-voting and ballot deadlines through official election offices. Economic policy, energy costs and election results are likely to remain major national stories in the coming days.
Sources: Reuters reporting dated October 28, 2026; Associated Press election coverage; Federal Reserve and USA.gov official resources. This report reflects developments available on October 28 and does not claim election outcomes.
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