Dollar holds ground as Fed holds rates with two hike votes: Oct 29, 2026
The Federal Reserve held interest rates, with two votes in favor of a hike, as Chair Warsh addressed the decision at a news conference and cut the number of meetings. The US dollar consolidated weekly gains and held ground around the Fed rate call and mid-tier data releases, briefly dipping before recovering. Fed policy outlook and geopolitical tensions were cited as factors for the dollar.
Updated
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Headlines (9)
Carried over from earlier days
- Forex Today: US Dollar holds ground ahead of mid-tier data releases, FOMC meetingFXStreet
- Experts agree: Fed policy outlook and geopolitical tensions keep US Dollar bidFXStreet
- Forex Today: US Dollar consolidates weekly gains ahead of all-important Fed rate callFXStreet
- Federal Reserve issues FOMC statementfederalreserve.gov
- FOMC decision Oct 28: Rates left unchangedInvestingLive
- Dollar Index dips and recovers as the Fed holds with two hike votesFXStreet
- Here is what changed in the new Fed statementCNBC
- Fed holds rates as Warsh cuts number of meetingscentralbanking.com
- Here are five key takeaways from the Fed rate decision and Warsh news conferenceCNBC
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, October 29 | ||
| ANZ Business Confidence | NZD | |
| Import Prices q/q | 1.3% | AUD |
| Consumer Confidence | 35.1 | JPY |
| German Import Prices m/m | EUR | |
| Nationwide HPI m/m | GBP | |
| Retail Sales y/y | CHF | |
| French Prelim CPI m/m | EUR | |
| Italian Monthly Unemployment Rate | 6.2% | EUR |