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In the Eye of the Storm: FOMC Preview January 2026
The first FOMC meeting of 2026 takes place on January 27-28. At the December meeting, the FOMC made a widely expected 25 bps cut to the target range for the federal funds rate to 3.50- 3.75% from 3.75-4.00%. This third insurance cut against the deterioration in employment growth met with substantial internal resistance, with two dissenters (Goolsbee and Schmid) who did not want to cut (in contrast Trump’s quartermaster Miran wanted to cut by 50 bps). What’s more, the dot plot showed that in total 6 participants did not want to cut. From the FOMC statement, Powell’s post-meeting press conference, the minutes and ... (full story)
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From @realDonaldTrump|Jan 23, 2026|37 comments
Canada is against The Golden Dome being built over Greenland, even though The Golden Dome would protect Canada. Instead, they voted in favor of doing business with China, who will “eat them up” within the first year!
