Two voting members of the FOMC dissented in favor of raising rates. Some context for why that stance might make sense, from Jason Furman’s EconVitals Taylor rule utility.
Source: EconVitals, accessed 10/28/2026.
The implication that current rates are too low vis a vis the Taylor rule is general; here’s the Atlanta Fed’s Taylor rule app as of today:
Source: Atlanta Fed, accessed 10/28/2026.