Fed Holds at 3.75%–4.00% as Officials Make Hawkish Rate Calls

The October 27–28 FOMC held the target range at 3.75%–4.00%, with Lisa Cook and Beth Hammack dissenting for a quarter-point hike; Warsh left December open. Logan has called for two more quarter-point hikes before pausing, Musalem has urged further tightening, and Barkin says the direction is clear but the pace uncertain; these are individual views, not Committee guidance. Market pricing and forecasts remain mixed and are not Fed signals. October meeting minutes are reportedly due November 18, a date to verify against the official calendar.