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US yields climb as Fed stays on hold, Powell strikes hawkish tone

visibility comment0 event January 29, 2026 timer 02:24

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The US Federal Reserve kept interest rates unchanged, saying inflation remains elevated even as economic growth stays solid. The move pauses the Fed’s easing cycle after three rate cuts in late 2025, with policymakers divided over the path ahead. Officials remain split between concerns about stubborn inflation and risks of rising unemployment. Markets now expect rates to stay on hold until at least June, when a new Fed chair could take charge.

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