economy

January 28, 2026

Fed holds key interest rate steady as economic view improves

The Federal Reserve on Wednesday released its decision on interest rates.

Fed holds key interest rate steady as economic view improves

TL;DR

  • Federal Reserve maintains interest rate at 3.5%-3.75%, halting previous cuts.
  • Economic activity is expanding at a solid pace, and job gains have stabilized.
  • Inflation remains somewhat elevated, and concerns about a weakening labor market have eased.
  • Two committee members, Miran and Waller, dissented, advocating for another rate cut.
  • The Fed is navigating political pressures, including investigations and threats to its independence.
  • Economic growth is robust, but inflation is still closer to 3% than the Fed's 2% target.

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