Federal Reserve Likely to Hold Rates Steady Amid Trump Pressure, Global Tensions

• The Federal Reserve is expected to keep its key interest rate unchanged at its January 27-28 meeting, resisting pressure from US President Donald Trump.
• Central banks of Brazil, Canada, and Sweden are also anticipated to maintain current interest rates.
• US government pressure on Fed Chairman Jerome Powell has been met with solidarity from other central bank chiefs, supporting central bank independence.
• The global economic background remains tense due to factors like the Japanese market decline, Greenland plan concerns, and Trump's tariff threats.
• Attention is on decisions from 18 central banks globally in the coming week, with the Bank of Canada also expected to hold its policy rate.

Why It Matters: The Federal Reserve and other central banks are set to maintain interest rates despite political pressure and global economic uncertainty.