The Fed keeps rates steady – Market Reactions to the FOMC

[Ben Graham]

The Fed is keeping rates unchanged at the 3.50% to 3.75% range – Slightly hawkish tone.

The votes for the pause are at 10-2 – Fed's Waller and Miran dissented.

The pause was largely expected as the Fed doesn't like to surprise Markets.

You can get access to the detailed report and Fed Statement right here.

Nothing surprising is appearing in the Statement – Except for a continued rebound in the US Dollar, volatility is low for now.

Traders will be awaiting closely for Powell's Press Conference – Log in to his Live speech (at 14:30 E.T.) right here.

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Notable quotes from the Statement – Source: Federal Reserve

Market Reactions

Dollar rallies

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US Dollar (DXY) 1H Chart – Source: TradingView – January 28, 2026

Other Markets are staying put – We will update this page as Powell's speech progresses

Safe Trades and Good luck for Powell!

Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier

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