JUST IN: ๐บ๐ธ President Trump says interest rates will come down after Federal Reserve Chair Jerome Powell is replaced.
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JUST IN: Steak 'n Shake has added $5M to its Bitcoin exposure, with all BTC sales going into the company's Strategic Bitcoin Reserve.
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BREAKING: ๐บ๐ธ Federal Reserve pauses interest rate cuts, remains at 3.50 - 3.75%.
JUST IN: Robinhood Chief calls for tokenized trading to prevent another GameStop like meltdown.
SUMMARY OF FED DECISION (1/28/2026):
1. Fed halts rate cuts for the first time since July 2025
2. Fed says inflation remains "somewhat elevated"
3. Two Fed Governors dissent in favor of a 25 bps cut
4. Unemployment rate has shown "some signs of stabilization"
5. Fed reasserts goal of achieving 2% long-term inflation
6. Uncertainty about economic outlook "remains elevated"
December may have marked Powell's final rate cut.
1. Fed halts rate cuts for the first time since July 2025
2. Fed says inflation remains "somewhat elevated"
3. Two Fed Governors dissent in favor of a 25 bps cut
4. Unemployment rate has shown "some signs of stabilization"
5. Fed reasserts goal of achieving 2% long-term inflation
6. Uncertainty about economic outlook "remains elevated"
December may have marked Powell's final rate cut.
JUST IN: ๐บ๐ธ White House to discuss cryptocurrency market structure legislation with top crypto and banking executives next week.
POWELL: ATTENDED COOK'S SUPREME COURT CASE AS IT IS THE MOST IMPORTANT LEGAL CASE IN FED'S HISTORY
POWELL: DECLINES TO COMMENT ON WHETHER HE WOULD STAY ON AT FED AFTER CHAIR TERM EXPIRES