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Federal Reserve Expected to Hold Interest Rates Steady Amid Investigation
Washington, D.C. – The Federal Reserve is widely expected to hold interest rates steady at its meeting on Wednesday, January 28, 2026, marking its first rate decision since a federal criminal investigation into Fed Chair Jerome Powell surfaced, according to ABC News. The anticipated move would end a string of three consecutive quarter-point rate cuts, aligning with a cautious approach outlined by Powell last month, before reports of the investigation.
The decision comes amid pressure from the White House, with former President Trump urging the Fed to significantly lower interest rates, ABC News reported.
Meanwhile, the price of silver has experienced exponential growth over the past year, CBS News reported. The precious metal is up more than 200% from where it started in January 2025. Experts suggest that this price growth is unlikely to reverse materially and is expected to continue, according to CBS News.
In other news, a Swedish amusement park was fined nearly €588,000 ($491,000) on Wednesday in connection with a 2023 rollercoaster derailment that left one passenger dead and nine others injured, Euronews reported. The tragedy occurred on June 25, 2023, on the Jetline ride at the Gröna Lund park. Witnesses described a chaotic scene as the front of the train appeared to jump off the tracks before coming to a stop, with one car tilted toward the ground, according to Euronews.
TechCrunch announced that plus-one passes for Disrupt 2026 are almost sold out. The conference will be held from October 13-15 at Moscone West in San Francisco.
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