"The Federal Reserve held rates steady at 3.5% to 3.75% on January 28, 2026, and Bitcoin ( ) now faces a critical support test. The Bitcoin price is consolidating near key support levels, with volatility compressing in a way that often precedes sharp moves in either direction. Powell struck a neutral tone, describing the economy as on "firm footing" while noting inflation "remains somewhat elevated.""
"The Federal Reserve's January 27-28 meeting delivered exactly what markets expected: no change to the 3.5% to 3.75% target range established after three cuts in late 2025. The decision came at 2:00 PM ET on January 28, followed by Powell's press conference at 2:30 PM. Two FOMC members dissented at the meeting. Governors Stephen Miran and Chris Waller both voted for a 25 basis point cut, marking Miran's fourth consecutive dissent. The remaining 10 voting members approved the hold."
The Federal Reserve held its policy rate at 3.5% to 3.75% on January 28, 2026, following three cuts in late 2025. Two FOMC members, Governors Stephen Miran and Chris Waller, dissented in favor of a 25 basis point cut while the remaining ten approved the hold. The economy was characterized as expanding at a solid pace and on "firm footing" while inflation was noted as remaining somewhat elevated and tariff-related pressures expected to ease by mid-2026. Markets see little chance of a March cut and rate-cut odds rise toward April; J.P. Morgan expects no hikes until late 2027. Bitcoin is consolidating near key support with compressed volatility; direction depends on support holding and a return of institutional demand amid accelerating ETF outflows.
Read at 24/7 Wall St.
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