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Jan 26, 2026
Fed Decisions in Focus as Markets Seek Direction
FOMC meeting, GDP, PCE, and Eurozone data in the spotlight
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Global markets enter a highly sensitive week starting Monday, January 26, 2026, as investors closely monitor a series of major economic events that could reshape the outlook for currencies, gold, and equities as the month draws to a close. The central focus will be the U.S. Federal Reserve’s FOMC meeting, scheduled for Tuesday and Wednesday, with markets awaiting the interest rate statement and remarks from Fed Chair Jerome Powell, given their direct impact on the U.S. dollar, gold, and American stock indices. The Fed’s tone on inflation and growth will be the key driver of risk sentiment in the coming phase. |
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Later in the week, attention will turn to Eurozone GDP data, a major catalyst for the euro, alongside broader assessments of global growth conditions.
Investors will also closely follow important U.S. releases related to the labor market and wage inflation, most notably the Employment Cost Index (ECI), which provides early signals about future inflationary pressures.
Overall, markets are starting the week with clear caution, amid softer liquidity ahead of the Fed decision and growing anticipation over whether upcoming data will support current trends or trigger a broader wave of volatility.
This anticipation comes as gold has surged in recent sessions, approaching new historic levels near $5,087 per ounce, reflecting increased demand for safe-haven assets ahead of key Fed decisions and critical economic data, placing the precious metal at the center of market focus this week.