Fed holds key interest rate steady as economic view improves
The Federal Reserve on Wednesday released its decision on interest rates.
Last updated: 2026-01-28 21:00:07 ET
The Federal Reserve on Wednesday released its decision on interest rates.
Two Fed officials voted for a cut, including the former head of Donald Trump's Council of Economic Advisers.
Federal Reserve leaves interest rates unchanged at 3.5% to 3.75% after three straight cuts.
The Federal Open Market Committee kept the federal funds rate steady, following three rate cuts last year.
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The central bank cut rates at its three previous meetings in an effort to support the job market. But with inflation still elevated, the Fed is cautious about additional rate cuts.
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