New Delhi, Jan. 29 -- Following its two-day policy meeting, the US Federal Reserve's Federal Open Market Committee (FOMC) decided to leave its key interest rate unchanged at 3.50%-3.75%, according to an official statement issued on Wednesday, January 28, 2026.

The decision to hold the US Fed rates steady comes after the American central bank delivered three consecutive rate cuts. The Fed began reducing benchmark interest rates in September 2025 and has lowered rates by a cumulative 75 basis points during the year, after keeping them unchanged since December 2024.

"In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 per cent. In considering the extent and timing of addi...