Federal Reserve holds rates steady after a largely uneventful meeting

The central bank has paused cuts for the first time since July

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Global Markets Investor
January 29, 2026

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The Federal Reserve has officially paused interest rate reductions for the first time since July 2025, keeping its target range at 3.50%-3.75% on Wednesday, January 29, as expected.

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The central bank voted 10-2, with governors Stephen Miran and Christopher Waller dissenting in favor of a 25 bps cut.

Behind the paywall, you’ll find a full recap of the meeting, including the statement changes, Chair Powell’s remarks, and the implications for markets and the economy, along with investor reaction after the event.

Links to the previous meetings' summaries can be found below.

Fed policymakers are increasingly divided

The central bank cut rates by 25 basis points for the 3rd time this year.

globalmarketsinvestor.beehiiv.com/p/fed-policymakers-are-increasingly-divided

The Fed is facing growing internal divide

The central bank cut rates by 25 basis points and will end QT on December 1 as expected.

globalmarketsinvestor.beehiiv.com/p/the-fed-is-facing-growing-internal-divide

The Fed is confused and divided

This makes investing harder

globalmarketsinvestor.beehiiv.com/p/the-fed-is-confused-and-divided

The Fed is still waiting despite slowing economy

No rate cut, no clarity on what's next, the Fed is going to be too late as always

globalmarketsinvestor.beehiiv.com/p/the-fed-is-still-waiting-despite-slowing-economy

FED MEETING SUMMARY

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