Fed and global central banks signal no further rate moves after 2025 cuts

On January 28, 2026, the Federal Reserve is expected to conclude a two-day meeting by keeping interest rates unchanged after three reductions in late 2025. Several central banks, including those in Brazil, Canada, Sweden and others backing Chair Jerome Powell, are also seen holding rates steady as they track inflation, growth data and trade-related risks. Analysts believe this coordinated stance underlines support for Fed independence amid ongoing political pressure and tariff concerns.