The Federal Reserve is expected to keep interest rates unchanged at its final rate-setting meeting before the midterm elections, after raising them last month for the first time since 2023. Inflation remains above the Fed’s 2% target, with September’s annual rate reported at 3.7%; officials have indicated they may pause before considering another increase later this year.
Key Facts
The article says the Fed is expected to leave rates unchanged at its Wednesday meeting.
The Fed raised rates last month for the first time since 2023, citing rising inflation.
Inflation has remained above the Fed’s 2% target for years, according to the article.
The annual inflation rate rose from 3.4% in August to 3.7% in September.
Fed governor Christopher Waller said rate increases need not happen at consecutive meetings.
The article attributes much of this year’s price increases to the war in the Middle East and the closure of the Strait of Hormuz.
Oil prices briefly rose above $117 a barrel earlier this week, the article reports.
The economy is expected to be a major issue in the upcoming midterm elections.
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President Donald Trump faces possible clashes with Democrats and some Republicans after Election Day over Defense Secretary Pete Hegseth, the Iran war and the Russia-Ukraine war. Democrats are urging Trump to remove Hegseth and say they may oppose funding, though the article excerpt provides no further details.
Key Facts
The article anticipates disputes between Trump, Democrats and members of his party after Election Day.
The disputes concern Pete Hegseth’s leadership of the Pentagon, the Iran war and the Russia-Ukraine war.
Democrats are pressing Trump to fire Hegseth after the midterm elections.
Democrats have warned they may not support funding.
The provided article excerpt ends before specifying what funding Democrats oppose.
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Federal Reserve officials are set to decide Wednesday whether to raise interest rates. Inflation remained elevated: the consumer price index rose 3.7% over the year through September, up from 3.4% in August.
Key Facts
The Federal Reserve will consider interest rates on Wednesday.
The article says officials will decide whether to raise rates again.
Annual inflation measured by the consumer price index was 3.7% in September.
The September inflation rate was up from 3.4% in August.
The article says persistent inflation is straining Americans ahead of the midterm elections.
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Silicon Valley companies face increased scrutiny if Democrats take control of Congress in 2027. The article says the industry’s efforts to build ties with President Trump have become a political liability.
Key Facts
Democrats may take control of Congress in 2027.
The House and Senate have been controlled by Republicans for the past two years.
Democratic lawmakers are expected to increase scrutiny of technology companies if they gain control.
The article links the expected scrutiny to the technology industry’s efforts to get on President Trump’s good side last year.
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FBI agents searched a California home as part of an investigation involving Rep. Eric Swalwell, according to the article. The search came a week before the midterm elections and followed news that the Justice Department was seeking information in another matter, adding to a series of law enforcement actions with political implications.
Key Facts
FBI agents searched a California home on Tuesday.
The search was part of an investigation involving Rep. Eric Swalwell, a California Democrat.
The search took place one week before the midterm elections.
The article says the Justice Department had sought information in another matter the previous day.
The article characterizes the recent law enforcement actions as having political implications.
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House Minority Leader Hakeem Jeffries strongly criticized Defense Secretary Pete Hegseth but stopped short of endorsing his removal through impeachment. The article describes Jeffries’s position as a careful approach by Democratic leaders balancing competing interests.
Key Facts
Hakeem Jeffries is the House minority leader and represents New York.
Jeffries denounced Defense Secretary Pete Hegseth in strong terms.
Jeffries did not endorse Hegseth’s forced removal.
The article characterizes Jeffries’s approach as careful.
The article says Democratic leaders are balancing competing interests as they consider their approach to impeachment.
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The Justice Department has released more than 3 million pages related to the Jeffrey Epstein investigation. A CBS News report examines questions about whether some material, including pages, may be missing from the released files, but the article text does not identify specific missing pages.
Key Facts
The Justice Department has released more than 3 million pages related to the Epstein investigation.
Questions remain about what material may have been left out of the release.
The report focuses on clues about pages that may be missing from the files.
CBS News correspondent Nicole Sganga reports on the issue.
The article text does not specify which pages may be missing or why.
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Israel’s benchmark Tel Aviv 125 index fell as much as 3.5% in early trading after election exit polls showed no clear winner. With more than 76% of votes counted, Prime Minister Benjamin Netanyahu’s coalition was projected to win 54 seats and the opposition bloc led by Gadi Eisenkot 47, short of the 61 seats needed for a majority.
Key Facts
The election is for seats in Israel’s 26th Knesset, its unicameral parliament.
Israeli media reported the seat projections as of 09:30 GMT, with more than 76% of votes counted.
Israel’s GDP grew 2.9% in 2025 and 3.2% in the first half of 2026, according to government figures.
The Bank of Israel raised its 2026 GDP growth forecast to 5.6%, from 4%.
The central bank forecast GDP growth of 7.5% for 2027.
The Bank of Israel cited increased production by Israeli firms overseas when raising its 2026 forecast.
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Chancellor John Healey is expected to keep the annual cash Isa allowance at £20,000, reversing a plan to reduce it to £12,000 from April. He is expected to encourage investment in shares through education rather than by limiting tax-free cash savings.
Key Facts
Rachel Reeves had planned to cut the annual cash Isa allowance from £20,000 to £12,000 from April.
Cash Isas do not charge tax on interest, while Isas also shield income and capital gains from tax.
Banks and building societies rely on customer deposits to help fund loans.
Finance executives warned that reducing the allowance could discourage saving and raise mortgage rates.
Quilter’s Jo Harris backed keeping the £20,000 limit and suggested adding an investment-only allowance.
IG Group executive Michael Healy said keeping cash Isas could limit the flow of money into UK businesses.
The Treasury declined to comment on the reported reversal.
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Former Conservative chancellor Jeremy Hunt said he is unsure whether the Budget will fix the UK’s major problems. The BBC article points readers to its coverage of the UK Budget.
Key Facts
Jeremy Hunt is identified as a former Conservative chancellor.
Hunt is unsure whether the Budget will fix major problems.
The article concerns the UK Budget.
The BBC page links to its Budget coverage.
The page lists HM Treasury, the UK economy, UK taxes and UK government spending as related topics.
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Explorer Ash Dykes completed a 500-mile kayak journey down the Congo Basin in Africa. ABC News’ Danny New interviewed him about the paddle, during which he traveled alongside monkeys and hippos.
Key Facts
Ash Dykes completed a 500-mile kayak journey.
The route followed the Congo Basin in Africa.
Dykes encountered monkeys and hippos during the paddle.
ABC News’ Danny New interviewed Dykes about the journey.
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Two high-speed trains collided in Spain’s Toledo province, killing at least 10 people according to government sources cited by El País. Many people were injured, and a regional government spokesperson warned the death toll could rise; authorities had not determined the cause or injury count.
Key Facts
The collision occurred Wednesday morning in Toledo province, in central Spain.
Spain’s rail infrastructure authority suspended train services between Madrid and Andalucía after what it described as a rear-end collision.
Government sources told El País that at least 10 people had died.
A Castilla-La Mancha government spokesperson said the death toll would almost certainly rise.
The cause of the collision and the number of injured people had not been determined.
The trains were believed to be Iryo 7076, carrying 146 passengers and a baby, and AVE 2080, carrying 397 passengers.
A 2013 train derailment near Santiago de Compostela killed 80 people.
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Taiz, Yemen’s third-largest city, has been cut off since early October after its two land routes closed, disrupting supplies and work. The United Nations reported that available food and fuel prices had more than doubled, water production had fallen by half, and families were struggling to afford food, water and cooking fuel.
Key Facts
Taiz has about 1 million residents, within Yemen’s population of roughly 43 million.
The Houthis took al-Turbah by October 4, cutting the main Taiz-Al-Turbah-Aden Road.
Government-aligned forces closed the eastern al-Houban crossing on October 3, citing attempted Houthi incursions.
The United Nations warned on October 20 that road closures and insecurity were blocking vital supplies.
Prices for food and fuel still available in Taiz had more than doubled, according to the article.
Taiz’s water production had fallen by half, and the cost of tanker-delivered water had roughly tripled, according to UN officials.
Yousef Farhan lost his cucumber-selling income after shelling and the siege forced the school where he worked to close.
Families in Taiz reported relying on limited foods, cooking with firewood and facing disruptions to children’s schooling.
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Israel’s election has raised questions about the country’s economic outlook. The report says the high cost of living and rising defense spending are adding financial pressure on households.
Key Facts
Israel has one of the highest costs of living in the region, according to the report.
Defense spending in Israel continues to rise.
Households face growing financial pressure.
The report links uncertainty about the economy to the aftermath of Israel’s elections.
Caitlin Brown reported the video for France 24.
The video was issued on October 28, 2026.
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Two high-speed trains collided in Spain’s Toledo province on Wednesday, killing at least 10 people, according to Spanish state media and other reports. Officials warned the death toll could rise, and rail traffic was suspended while the incident was addressed.
Key Facts
Spain’s rail system operator ADIF said the incident happened Wednesday morning in Toledo province.
The collision involved an Iryo train and an AVE train, according to an ADIF spokesperson.
The trains were travelling on the Madrid-Seville route.
Spanish state media and other reports said at least 10 people had died.
Castilla-La Mancha government spokesperson Esther Padilla said the number of deaths was expected to increase.
Rail traffic was suspended, according to ADIF.
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President Donald Trump and Texas State Representative James Talarico held competing rallies in Lubbock, Texas. Reports put attendance at roughly 4,000 at each event, though Talarico’s figure was not independently confirmed and the venue’s stated capacity was lower.
Key Facts
Talarico said 4,000 people attended his rally at the Fiesta Center.
The Fiesta Center ballroom holds up to 2,600 people, and local officials reportedly planned to expand capacity to 3,000.
A Texas Tribune report said the line for Talarico’s event stretched several city blocks.
Trump and Texas Attorney General Ken Paxton held a rally at the Lubbock Memorial Civic Center.
An Amarillo Tribune reporter estimated that about 4,000 people attended Trump and Paxton’s rally.
The civic center’s exhibit hall has a listed maximum capacity of 4,914.
Trump carried Lubbock County by 40 points in 2024, and the county has not voted for a Democratic presidential candidate since 1964.
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Israel’s Central Elections Committee is still counting ballots. With more than 60% counted, Prime Minister Benjamin Netanyahu’s camp is narrowly ahead of the opposition but has not secured a clear majority, so the result remains uncertain.
Key Facts
More than 60% of ballots had been tallied when the report was issued.
Netanyahu’s camp was narrowly ahead of the opposition in partial results.
The reported results did not give either side a clear majority.
The Central Elections Committee continued to count votes.
The partial results could change as counting continues.
The two leading candidates for prime minister traded criticism in speeches after polls closed.
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The Bundibugyo Ebola outbreak has caused 10,091 reported cases and 4,891 deaths across the Democratic Republic of the Congo, Uganda and Kenya, with a case also confirmed in Nigeria. Africa CDC director general Jean Kaseya warned that the outbreak could spread beyond Africa and urged countries to strengthen screening, testing and treatment preparedness.
Key Facts
The outbreak is the largest and deadliest Ebola outbreak in the Democratic Republic of the Congo’s history.
The outbreak was declared in Ituri province on 15 May, but virus sequencing indicates it began in February.
Of 10,091 reported cases, 10,060 occurred in the Democratic Republic of the Congo, where 4,887 people died.
Uganda and Kenya each reported two deaths.
Nigeria confirmed a case in Abuja in a woman who had arrived from Uganda; France also confirmed a case in a doctor who had returned from the Democratic Republic of the Congo.
The Bundibugyo virus has no approved treatment, and vaccine trials are under way.
The response has faced shortages of protective equipment, unpaid health worker wages, conflict, mistrust, misinformation and cuts to global aid.
Kaseya called for cross-border cooperation and screening and testing at entry and exit points.
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At least 10 people died when two high-speed trains collided in Spain’s Toledo province on Wednesday morning, according to Spanish media. Rail service between Madrid, Ciudad Real and Andalusia was suspended, and local officials said passengers were injured and emergency preparations were underway.
Key Facts
ADIF, Spain’s rail system operator, said the crash happened Wednesday morning in Toledo province.
Spanish media reported that at least 10 people died.
TVE reported that the trains were traveling in the same direction and that one struck the rear of the other.
The collision reportedly knocked two train cars off the track.
Rail service between Madrid, Ciudad Real and Andalusia was suspended.
The mayor of Urda said civil protection authorities asked the town to prepare a sports pavilion for passengers.
Castilla-La Mancha regional president Emiliano García-Page said he was heading to the crash site.
The article says 45 people died in a separate train crash in southern Spain in January.
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Two high-speed trains collided on the Madrid–Seville line in Toledo province, central Spain, on Wednesday morning. Authorities confirmed at least 10 deaths and said the toll could rise; emergency services were assisting those affected.
Key Facts
Spain’s rail infrastructure authority said services between Madrid and Andalucía were suspended after a rear-end collision.
Castilla-La Mancha government spokesperson Esther Padilla confirmed at least 10 deaths.
Spain’s state broadcaster reported that one train struck the back of another and knocked two carriages off the track.
The rail operator Adif said the collision occurred on the line from Madrid to Seville.
The mayor of Urda said emergency services asked him to prepare a sports hall for injured people.
Spain’s main political parties suspended planned activities for the day.
Prime Minister Pedro Sánchez said he was in contact with the transport minister and the Castilla-La Mancha regional president.
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