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Federal Reserve meets Wednesday for its first interest rate decision of 2026. Here's what to expect.

The Federal Reserve maintains rates amid inflation above 2% and a weakening labor market while facing political pressure and legal scrutiny, economists say.

Summary by CBS News
Jerome Powell will announce the central bank's next interest rate decision on Jan. 28 amid political and legal turmoil involving the Fed.

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CBS News broke the news in United States on Tuesday, January 27, 2026.
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