{"id":437770,"date":"2026-01-28T03:23:07","date_gmt":"2026-01-28T03:23:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/437770\/"},"modified":"2026-01-28T03:23:07","modified_gmt":"2026-01-28T03:23:07","slug":"fomc-likely-to-hold-rates-steady-in-january-what-time-is-the-decision-powell-to-deliver-press-conference-what-else-to-watch","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/437770\/","title":{"rendered":"FOMC Likely to Hold Rates Steady in January; What Time Is the Decision; Powell to Deliver Press Conference; What Else to Watch"},"content":{"rendered":"<p class=\"e141zjhk0 emotion-1cdur5g-FormattedText\">The Federal Reserve is widely expected to keep interest rates steady when it wraps up its January policy meeting. What Chair Jerome Powell signals about the elevated inflation, a softening labor market, and the future of the Fed might matter more.<\/p>\n<p class=\"e141zjhk0 emotion-1cdur5g-FormattedText\">Inflation remains elevated. Core PCE came in at 2.8% last week, well above the Fed&#8217;s 2% target, reinforcing policymakers\u2019 cautious stance on rate cuts.<\/p>\n<p class=\"e141zjhk0 emotion-1cdur5g-FormattedText\">The labor market shows signs of softening. Consumer confidence around the labor market is falling. The number of consumers who said jobs are &#8220;hard to get&#8221; rose to a postpandemic high, according to the Conference Board\u2019s consumer confidence index for January.<\/p>\n<p class=\"e141zjhk0 emotion-1cdur5g-FormattedText\">Questions around Fed independence are growing. The Justice Department sent the Fed grand jury subpoenas this month, threatening a criminal indictment tied to testimony Powell delivered in June before the Senate about the Fed&#8217;s renovation of its headquarters. Powell, who has denied wrongdoing, said the subpoenas are a pretext for President Donald Trump wanting interest rates lower.<\/p>\n","protected":false},"excerpt":{"rendered":"The Federal Reserve is widely expected to keep interest rates steady when it wraps up its January policy&hellip;\n","protected":false},"author":2,"featured_media":437771,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":{"0":"post-437770","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-economy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/437770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=437770"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/437770\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/437771"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=437770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=437770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=437770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}