ConfirmedGlobal MacroUS Federal Reserve, FOMC October 2026, Rupee and FPI FlowsHigh impactBy Kumar Singh0 views
Fed Pauses at 3.75% to 4%, but Two Policymakers Wanted Another Hike
The US Federal Reserve held its policy rate at 3.75% to 4% on October 28 in a 10-2 vote. Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented, seeking a 25 bps hike. The statement said inflation remains elevated and upgraded its view of growth to a strong pace.
Nictick #2026-0075278 characters
Nictick — educational context
The pause follows September’s hike. Futures now price over 80% odds of a December hike. A firmer US rate path can lift the dollar and Treasury yields, which tends to pressure the rupee and FPI flows into Nifty and Sensex stocks, and limits RBI room to ease while crude stays costly.