{
  "data": {
    "id": "federal-reserve-2026-01-28",
    "bank": "federal-reserve",
    "bankName": "Federal Reserve (Federal Open Market Committee)",
    "country": "US",
    "date": "2026-01-28",
    "announceAt": "2026-01-28T19:00:00Z",
    "timezone": "America/New_York",
    "dateStatus": "published",
    "movedFrom": null,
    "rateBefore": 3.75,
    "step": 0.25,
    "calendarSource": "https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm",
    "citation": "FOMC calendar: January 27-28 meeting; 2 p.m. Eastern per the 2025-2026 schedule release. Statement header: \"For release at 2:00 p.m. EST\" (UTC-5).",
    "settleSource": {
      "role": "decision-statement",
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      "example": "https://www.federalreserve.gov/newsevents/pressreleases/monetary20260916a.htm",
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      "reads": {
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    },
    "observed": {
      "at": "2026-01-28T19:00:00Z",
      "rateBefore": 3.75,
      "rateAfter": 3.75,
      "direction": "hold",
      "statement": "https://www.federalreserve.gov/newsevents/pressreleases/monetary20260128a.htm",
      "observed": true
    },
    "page": "https://macroindex.org/bank/federal-reserve/decision/2026-01-28",
    "account": {
      "summary": "The Federal Open Market Committee kept the target range for the federal funds rate at 3-1/2 to 3-3/4 percent.",
      "vote": "10–2",
      "dissent": "Stephen I. Miran and Christopher J. Waller voted against, preferring to lower the target range by 1/4 percentage point.",
      "reasons": [
        "The Committee said economic activity had been expanding at a solid pace, while job gains had remained low and the unemployment rate had shown some signs of stabilization.",
        "It said inflation remained somewhat elevated and that uncertainty about the economic outlook remained elevated."
      ],
      "guidance": "The Committee said that, in considering the extent and timing of further adjustments to the target range, it would carefully assess incoming data, the evolving outlook and the balance of risks.",
      "quote": "Job gains have remained low, and the unemployment rate has shown some signs of stabilization.",
      "links": [
        {
          "label": "Minutes",
          "url": "https://www.federalreserve.gov/monetarypolicy/fomcminutes20260128.htm"
        },
        {
          "label": "Press conference",
          "url": "https://www.federalreserve.gov/monetarypolicy/fomcpressconf20260128.htm"
        }
      ],
      "readFrom": [
        "https://www.federalreserve.gov/newsevents/pressreleases/monetary20260128a.htm"
      ],
      "at": "2026-10-10"
    }
  },
  "meta": {
    "dataset_version": "2026-10-10.30752eb2",
    "built_at": "2026-10-10T18:04:32Z",
    "generated_at": "2026-10-10T21:48:35.338Z",
    "licence": "CC BY 4.0: credit \"Macro Index\" and link to the site",
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}