By Tom Burnett CFA
On January 28,2026, the Federal Reserve Open Market Committee (“FOMC”) voted to leave fed funds at a range of 3.5-3.75%. The vote was 10-2 with two members voting to cut rates by one-quarter point. The FOMC also reaffirmed its stated policy of returning inflation to a goal of 2% annually. In its formal statement, the FOMC noted that inflation “remains elevated.”
No FOMC meeting is scheduled in February and the next meeting will be held on March 18, 2026.
Tom Burnett CFA is Director of Research