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Fed holds rates at an unusual moment: Stocks at record highs, dollar under pressure, and Powell in the crosshairs
Yahoo Finance· 2026-01-28 19:11
The Federal Reserve on Wednesday held interest rates steady at 3.50% to 3.75%, attempting to project an image of stability as the U.S. financial landscape splits into two jarring realities: a stock market at record heights and a currency under pressure. The decision, widely expected by 97% of investors, arrived just as the S&P 500 crossed the psychological 7,000-point threshold for the first time in history. But the euphoria in equities—“AMERICA IS BACK!!!” President Donald Trump cried on Truth Social—was ...