# Fed holds rates as window for another Powell cut begins to close - Moneyweb

> The Fed held rates at 3.5%-3.75% with a 10-2 vote, and Powell said the economic outlook had clearly improved. Futures markets priced no change in rates before June.

- Date: 2026-01-28 · published 2026-01-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/20965-fed-holds-rates-as-window-for-another-powell-cut-begins-to-close-moneyweb
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

With no near-term cuts priced, the dollar has less pressure to weaken, which limits support for dollar-priced commodities.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-03-19 | [Trump tariffs partly to blame for higher prices: Fed Chair Powell - ABC News](https://feedsoft.ai/events/25477-trump-tariffs-partly-to-blame-for-higher-prices-fed-chair-powell-abc-news.md) | +0.5% | -1.4% |
| DXY | 2019-02-20 | [How Long Will Fed’s Rate Pause Last? Minutes Could Yield Clues](https://feedsoft.ai/events/60506-how-long-will-fed-s-rate-pause-last-minutes-could-yield-clues.md) | -0.5% | -0.4% |
| DXY | 2024-06-05 | [US dollar to weaken, but Fed rate cuts are required, say strategists:  Reuters poll](https://feedsoft.ai/events/29967-us-dollar-to-weaken-but-fed-rate-cuts-are-required-say-strategists-reuters-poll.md) | +1.1% | +0.9% |
| DXY | 2021-09-23 | [BoE sees growing case for rate rise as inflation to stay higher for longer \| Reuters](https://feedsoft.ai/events/45307-boe-sees-growing-case-for-rate-rise-as-inflation-to-stay-higher-for-longer.md) | +1.0% | -0.0% |
| DXY | 2025-06-18 | [Fed keeps rates steady but pencils in two cuts by end of 2025; Powell sees 'meaningful' inflation ahead](https://feedsoft.ai/events/24108-fed-keeps-rates-steady-but-pencils-in-two-cuts-by-end-of-2025-powell-sees.md) | -0.1% | +0.1% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/economy/fed-holds-rates-as-window-for-another-powell-cut-begins-to-close/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.