Fed holds rates steady, sees ‘elevated’ inflation and stabilizing job market

0 January 29, 2026 01:46

#federalreserve #interestrates #usinflation

The US Federal Reserve kept interest rates unchanged, pointing to stubborn inflation and steady economic growth. Policymakers voted 10–2 to hold the benchmark rate at 3.50%–3.75%, signaling no clear timeline for rate cuts. Two governors pushed for a quarter-point reduction, but the Fed says future moves will depend on incoming economic data. Borrowing costs may stay higher for longer.

Keep up with the day’s top news stories with The Express Tribune’s YouTube Channel. The Express Tribune is Pakistan’s #1 brand for breaking news in politics, sports, business, lifestyle and more.

Our mission is to defend the liberal values and egalitarian traditions we believe in, and which deserve to be upheld in writing that is both informative and insightful.

#etribune #breakingnews #latestnews #internationalnews #economynews #financeupdate

Official website: https://tribune.com.pk/

Follow us on Facebook: https://www.facebook.com/etribune
Follow us on Twitter: https://twitter.com/etribune
Follow us on Instagram: https://www.instagram.com/etribune
Follow us on Tiktok: https://www.tiktok.com/@theexpresstribune
Join our Whatsapp Channel: https://bit.ly/tribune-whatsapp