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CNBC Daily Open: Investors expected the Fed to hold rates — it was Powell's comments that drew interest
['Yeo Boon Ping']
International: Top News And Analysis
Jerome Powell, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, Jan. 28, 2026.
As expected, the U.S. Federal Reserve left its key interest rate steady in a range between 3.5%-3.75%.
But what investors were really keeping their eyes peeled for were signs of political fingerprints on the independent central bank.
Meanwhile, gold prices surged past $5,500 to hit another record high — but one analyst thinks the precious metals markets is "broken."
With Apple next in line to report earnings, investors have plenty, still, to monitor.