https://qz.com/federal-reserve-fomc-january-2026-interest-rate-decision-powell-trump
The Federal Reserve decided Wednesday to keep interest rates steady. The decision followed three consecutive rate cuts in 2025, with the Fed cutting rates by 25 basis points at its September meeting, again at its October meeting, and one more time at its December meeting. Inflation has held relatively steady in recent weeks, even appearing to trend down, while labor market numbers have also come in within targets that officials widely regard as acceptable.
Prediction markets, as well as traders and analysts, widely expected Wednesday’s pause. Yet it came even as White House pressure on the Fed has reached into unprecedented territory that, Fed Chair Jerome Powell himself has said, “should be seen in the broader context of the administration's threats and ongoing pressure.”