Fed maintains rates as September inflation data and GDP release are scheduled
The Federal Reserve kept its federal funds target range at 3.75% to 4.00% effective October 29, 2026. The BEA scheduled the release of third-quarter GDP and September income and outlays data for the same morning.
By StoryBreak
Published October 29, 2026 at 12:02 PM EDT
The Federal Reserve left its federal funds target range unchanged at 3.75% to 4.00% effective October 29, 2026.
The central bank also kept the interest rate paid on reserve balances at 3.90% effective that day. The primary credit rate was set at 4.00% on October 28, 2026.
Separate economic releases scheduled for October 29 include the advance estimate of third-quarter 2026 gross domestic product. The Bureau of Economic Analysis scheduled that release for 8:30 a.m. Eastern.
The BEA also scheduled its September 2026 Personal Income and Outlays report for 8:30 a.m. Eastern on October 29.
The September inflation data in the BEA report show a 0.5% monthly increase in the personal consumption expenditures price index. The index was 3.6% higher than in September 2025.
The core PCE price index, which excludes food and energy, rose 0.3% from August and 3.1% from September 2025. Personal consumption expenditures also increased 0.5% in September 2026.
The verified material for this draft includes the scheduled timing of the GDP release but does not include the third-quarter GDP result. It also does not establish a subsequent Federal Reserve rate decision.
Related coverage: The Fed’s October Meeting Has a Set Date. Here’s What the Record Shows
Sources & Further Reading
- MarketWatch
- Federal ReservePrimary source
- U.S. Bureau of Economic AnalysisPrimary source
- U.S. Bureau of Economic AnalysisPrimary source
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