# Fed holds rates at 3.75–4% in 10–2 vote, hours after Bank of Canada hike | Serious Pick

> The Federal Reserve held its benchmark rate at 3.75% to 4% in a 10-2 vote, with two governors dissenting in favour of a hike. The decision follows a September quarter-point increase and comes hours after the Bank of Canada raised rates; the Fed described the economy as expanding at a strong pace while inflation remains elevated at 3.7% year over year.

- Date: 2026-11-02 · published 2026-11-02T06:09:24.853Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/74932-fed-holds-rates-at-3-75-4-in-10-2-vote-hours-after-bank-of-canada-hike-serious
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A Fed hold with hawkish dissent keeps the dollar supported and tightens financial conditions, which can weigh on dollar-denominated commodity prices and firm the loonie relative to the greenback for Canadian-linked trade.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-17 | [Gold drops below $4,300/oz as Fed votes 12-0 in favor of rate hold, but nearly half of policymakers see a rate hike in 2026  \| Kitco News](https://feedsoft.ai/events/18715-gold-drops-below-4-300-oz-as-fed-votes-12-0-in-favor-of-rate-hold-but-nearly.md) | +1.8% | +0.9% |
| DXY | 2021-06-16 | [Gold slides over 1% after Fed projects rate hikes into 2023](https://feedsoft.ai/events/46487-gold-slides-over-1-after-fed-projects-rate-hikes-into-2023.md) | +1.4% | +1.4% |
| DXY | 2025-07-30 | [Canadian Dollar recedes after Fed rate hold — Octa](https://feedsoft.ai/events/23976-canadian-dollar-recedes-after-fed-rate-hold-octa.md) | -0.0% | -0.4% |
| DXY | 2023-06-22 | [Dollar, yields rise after Powell comments, Bank of England rate hike \| Reuters](https://feedsoft.ai/events/35670-dollar-yields-rise-after-powell-comments-bank-of-england-rate-hike-reuters.md) | +0.5% | -1.0% |
| DXY | 2025-01-29 | [US dollar firms against peers after Fed holds rates steady](https://feedsoft.ai/events/26413-us-dollar-firms-against-peers-after-fed-holds-rates-steady.md) | -0.1% | -0.8% |

## Sources

- seriouspick.com: https://seriouspick.com/money/the-fed-held-rates-hours-after-the-bank-of-canada-hiked-here-s-what-the-split-me

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.