Current Affairs - Economy - Discussion

4% is the upper limit of the US Federal Reserve's benchmark federal funds rate, which remained unchanged at 3.75%–4% following the Federal Open Market Committee (FOMC) meeting held on October 27–28, 2026. The decision was approved by a 10–2 vote, with Lisa D. Cook and Beth M. Hammack favouring a 0.25 percentage point increase. The Federal Reserve maintained the existing rate amid concerns about elevated inflation and the need for additional economic data. The central bank aims to achieve maximum employment and price stability, with an inflation target of 2%.