The yield on the US 10-year Treasury note remained above the 5% threshold after the Federal Reserve held interest rates steady, reaffirming its commitment to bringing inflation under control while offering no clear indication of whether another rate hike could be on the table in December. The vote was not unanimous, as Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented in favor of a 25-basis-point increase. The Fed’s announcement comes less than a week before the November midterm elections, amid widespread dissatisfaction with the economy. Polling suggests a competitive political landscape, with Democrats holding an advantage in several key races. Investors are now awaiting Fed Chair Kevin Warsh’s press conference for further insight into the central bank’s policy outlook and the potential path of interest rates in the months ahead.