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U.S. Stocks Hold Near Their All-Time High While the Dollar’s Value Stabilizes

The Federal Reserve kept interest rates steady to balance inflation and economic strength; gold prices surged over 4% to $5,340 per ounce, the highest ever recorded.

  • On Wednesday, the Federal Reserve kept its main interest rate unchanged, producing few market ripples as U.S. stocks hovered near record highs with the S&P 500 nearly flat.
  • Political tensions have helped push the U.S. dollar's descent, which accelerated after President Trump threatened tariffs earlier this month, prompting investor flight called `Sell America`.
  • On the corporate front, Nvidia rose 1.6% as AI demand lifted markets, with ASML CEO Peter Wennink saying customers see the `sustainability` of AI demand; Seagate Technology jumped 19.1%, while Amphenol fell 12.2%.
  • In the bond market, Treasury yields held steady with the 10-year Treasury yield at 4.24% late Tuesday, while Treasury Secretary Scott Bessent said the U.S. government supports a `strong dollar` without intervening.
  • Safe-Haven buying pushed Gold to a record, settling at $5,340.20 as the Federal Reserve’s rate cuts last year fail to curb inflation above the 2% inflation target.
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The Blade broke the news in Toledo, United States on Wednesday, January 28, 2026.
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