Fed holds interest rates steady for first time since July as pressure from Trump mounts - News Summed Up

Fed holds interest rates steady for first time since July as pressure from Trump mounts


Spencer Platt/Getty ImagesStocks were little changed Wednesday after the Federal Reserve’s decision to hold interest rates steady. While the stock market was quiet, precious metals — considered havens amid uncertainty — soared higher, continuing a recent surge. Gold was up 5.4% and hit an all-time high above $5,350 a troy ounce. Silver soared 10% and traded around $116 a troy ounce. Silver is up roughly 65% so far this year and on pace for its best month since 1979.


Source: CNN January 28, 2026 20:39 UTC



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