US Fed meeting, Jan. 27 -- The Federal Reserve's policy-setting panel is set to meet on January 27-28, amid expectations that policymakers will keep the benchmark interest rate unchanged following several cuts in recent months.

The Federal Open Market Committee (FOMC) has already reduced rates by 25 basis points at each of its last three meetings, aimed at stopping a softening job market from tipping into higher unemployment. This week, the committee is set to meet to decide whether to lower the federal funds rate from its current 3.5%-3.75% range.

After delivering three straight rate cuts, financial markets now anticipate that policymakers will pause and keep interest rates unchanged, taking time to assess the economy's trajectory and ...