Saudi-led offensive recaptures Houthi territory in Yemen, Fed holds rates

Brief'd · Oct 5, 2026 · 6m

A Saudi-backed Yemeni government launched a major military campaign against the Houthi militia, striking targets in Sanaa and the northern province of Saada. The Federal Reserve held its benchmark rate at 4 percent for a fourth consecutive meeting as policymakers cited the commitment to lowering inflation while acknowledging shifting risks to the labor market.