In January 2026, Federal Reserve policy enters an "observation period," with the core focus on divergence in interest rate paths and independence concerns. On January 11, Powell publicly responded to the Department of Justice's criminal investigation threat, emphasizing that the Fed will stick to data-driven decision-making and will not change the interest rate path due to political pressure. The current federal funds rate remains in the 3.5%-3.75% range. The December meeting minutes show clear internal disagreements about the pace of rate cuts in 2026, with some officials advocating for caution and others believing that further rate cuts could be made if inflation continues to cool. Before the January 27-28 meeting, the market generally expects rates to remain unchanged, awaiting more economic data for guidance. If you don't know where your direction is this year, welcome to join us. This Spring Festival, we will definitely see results—unstoppable!#我的2026第一条帖