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Federal Reserve keeps interest rates unchanged even as Trump continues to insist they be lowered

WASHINGTON, January 29, 2026 (AP) — The Federal Reserve pushed the pause button on its interest rate cuts Wednesday, leaving its key rate unchanged at about 3.6% after lowering it three times last year. Chair Jerome Powell said at a news conference after the central bank announced its decision that the economy’s outlook “has clearly improved since the last meeting” in December, a development that he noted should boost hiring over time. The Fed also said in a statement that there were signs the job market is stabilizing. With the economy growing at a healthy pace and the unemployment rate

Stock markets decline in early trade after 2-day rally

Mumbai, Jan 29 (PTI) Benchmark equity indices Sensex and Nifty declined in early trade on Thursday after a two-day rally as investors turned cautious ahead of the Union Budget presentation on Sunday. The 30-share BSE Sensex dropped 343.67 points to 82,001.01 during initial trade. The 50-share NSE Nifty edged lower by 94.2 points to 25,248.55. From the 30-Sensex firms, Maruti declined nearly 3 per cent after its December quarter earnings failed to cheer investors. Maruti Suzuki India on Wednesday posted 4 per cent increase in consolidated net profit at Rs 3,879 crore for the December quarter FY26, hit by one-time

Rupee hits all-time low of 92 against US dollar in early trade

Mumbai, Jan 29 (PTI) The rupee hit an all-time low of 92.00 against the American currency in early trade on Thursday, weighed down by steady dollar demand and a cautious global mood. Forex traders said the rupee fell after the dollar index rose from its 4-1/2-year lows, following the FED’s announcement that it kept rates unchanged at the conclusion of its first policy decision of 2026. Moreover, rising geopolitical uncertainty has increased risk aversion, keeping emerging market currencies under pressure. At the interbank foreign exchange, the rupee opened at 91.95 and lost ground to trade at 92 against the greenback,

Silver glitters to record Rs 3.85 lakh/kg; gold storms Rs 1.71 lakh/10g

New Delhi, Jan 28 (PTI) Gold and silver prices showed no signs of cooling as both precious metals scaled fresh records in the national capital on Wednesday amid a weak US dollar and strong buying trends in global markets. According to the marketmen, silver extended its gains for the third straight day by soaring Rs 15,000, or 4.05 per cent, to touch an all-time high of Rs 3,85,000 per kilogram (inclusive of all taxes). In the previous session, the white metal jumped sharply by Rs 40,500 to Rs 3,70,000 per kg, from Friday’s close of Rs 3,29,500 per kg. Gold

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