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Community

Fed holds key interest rate at 3.9% as inflation remains elevated

Maria Gomez
Maria Gomez
Maria Gomez
Bureau Chief · Garden City, NY

Maria Gomez has over 15 years of experience in local journalism, having previously served as the editor for the Hempstead Herald and a contributor to Newsday. She graduated from Long Island University with a degree in Journalism and has a passion for engaging with the diverse voices of Garden City. Maria believes that community journalism plays a crucial role in shaping local identity.

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Bureau Chief · Wednesday, October 28, 2026 at 8:37 PM · 1 min read
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Fed holds key interest rate at 3.9% as inflation remains elevated — Port Washington Community news

The Federal Reserve kept its benchmark interest rate unchanged at about 3.9% Wednesday as inflation remained above its 2% target, offering little guidance on its next move.

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