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 Federal Reserve is on track to keep interest rates steady Wednesday and defy the Trump administration’s controversial efforts to reshape the independent central bank. The Federal Open Market Committee (FOMC) is widely expected to leave its baseline borrowing rate unchanged,

Despite three Fed rate cuts at the end of last year, the top CD rate climbed from 4.30% to 4.50% earlier this month. Banks and credit unions compete for deposits, and a single standout offer can reset the leading CD rate.

In the first interest-rate decision of 2026, the Federal Reserve kept rates steady as politcal pressure grows from Trump. Fed Chair Jerome Powell is set to at 2:30 p.m. ET., as a DOJ investigation looms.

From mortgage rates to auto loans and credit cards, here’s a look at how the upcoming January Fed decision may affect your finances.

After cutting rates late last year, the Federal Reserve will soon make its first rate decision of 2026. Here’s how the announcement could shape returns on savings and CDs.

Fed holds rates at 3.5%–3.75%, keeping mortgages high, credit cards costly, and signaling patience before any further cuts.

At the January 2026 Fed meeting, the FOMC paused rate cuts after a 75bp reduction in late 2025, signaling a possible shift from easing to a neutral policy stance.

Mortgage rates are holding near recent three-year lows as the Fed meets this week, raising a key question for buyers and homeowners watching what comes next.