The
#Federal Reserve is widely expected to keep interest rates unchanged at the conclusion of its two-day meeting today, January 28, 2026.
Market consensus points toward a "hawkish pause," maintaining the federal funds rate in its current range of 3.5% to 3.75%. This would mark the first time the Fed has held rates steady following three consecutive quarter-point cuts at the end of 2025.
Key Factors Behind the Decision
The "Wait and See" Approach: After the aggressive cuts late last year, Chair Jerome Powell indicated the committee is "well-positioned" to observe how the economy evolves