January 2026 FOMC Meeting: The Facts

The next key dates for the interest rate outlook are on Tuesday, January 27, and Wednesday, January 28, 2026. The current federal funds target range stands at 3.50% to 3.75%.

Meeting Dates: January 27-28Rate Decision Announcement: 2:00 PM ET on January 28Press Conference: 2:30 PM ET on January 28

Market Expectations: Steady as She Goes

Markets are pricing in an approximately 81% chance the Fed will hold interest rates steady at the upcoming meeting. Following three consecutive rate cuts in late 2025, officials are expected to pause and assess the current economic data, including inflation and labor market conditions.

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