Fed Chair Powell holds a press conference
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The Federal Reserve is expected to keep its key interest rate at the target range of 3.5% to 3.75%, but traders are looking for hints on next steps for policy.
The Fed's budget showed the project's current estimated cost at $2.46 billion, up from $1.88 billion in 2024, a difference of about $580 million. The document shows that the Fed eliminated the planned renovation of a third building - cutting about $510 million in costs.
The US Federal Reserve, led by Jerome Powell, announced its interest rate decision on January 28, 2026, after a two-day meeting. The decision came after a recent 25-basis-point rate cut. Catch all LIVE updates here.