{"id":132025,"title":"Wall Street hits record highs as Fed expected to hold rates","publisher":"Share Talk","author":"sharetalk","published":"2026-01-28T14:48:48+00:00","modified":"2026-01-28T14:55:19+00:00","canonical_url":"https://www.share-talk.com/wall-street-hits-record-highs-as-fed-expected-to-hold-rates/","markdown_url":"https://www.share-talk.com/wall-street-hits-record-highs-as-fed-expected-to-hold-rates.md","json_url":"https://www.share-talk.com/wall-street-hits-record-highs-as-fed-expected-to-hold-rates.json","category":"Blogs","categories":["Blogs","Technology","Technology, Media & Telecoms"],"tags":["Donald Trump","Dow Jones Industrial Average","Federal Reserve","Jerome Powell","S&P 500","Wall Street"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/03/Wall-street.webp?fit=1200%2C800&quality=80&ssl=1","format":"news","language":"en-GB","content":"US stocks climbed to fresh record highs as Wall Street brushed aside concerns over a weaker dollar.\n\nThe **S&P 500** pushed above the 7,000 mark for the first time, as Wall Street shrugged off concerns over a weaker dollar. The **Dow Jones Industrial Average** rose 0.2% to 49,086.29, while the tech-heavy **Nasdaq Composite** gained 0.6% to 23,956.99.\n\nAttention now turns to the **Federal Reserve**, which is widely expected to leave interest rates unchanged following three cuts last year, despite sustained pressure from US President **Donald Trump** for lower borrowing costs.\n\nThe rate cuts in 2025 were aimed at supporting economic growth and preventing a sharper deterioration in the labour market after hiring slowed in the wake of Trump’s sweeping tariffs. More recent data, however, suggest unemployment has stabilised, and economic momentum may be improving, even as inflation remains stubbornly above the Fed’s 2% target.\n\nA key focus of Chair **Jerome Powell**’s press conference on Wednesday is expected to be how long the Fed intends to remain on hold, a stance that could have significant implications for the dollar.\n\nPolicymakers remain divided, with some officials unwilling to back further rate cuts until inflation eases more convincingly, while others favour additional easing to further support employment. In December, only 12 of the 19 members of the rate-setting committee projected at least one additional cut this year.\n\nMost economists continue to expect two rate cuts in 2026, with the first move most likely coming at the June meeting or later in the year."}