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The Federal Reserve will announce its first interest rate decision of 2026 tonight, and a pause in rate cuts is a foregone conclusion.

at 3 a.m. Beijing time tonight, the Federal Reserve will announce its first interest rate decision of 2026, with a pause in rate cuts almost certain. As the Fed faces political challenges, the central bank's independence, the choice of a new chairperson, and Powell's future may become focal points. Gold prices have reached new highs, the US dollar index has fallen to a four-year low, and the market may face another big wave. 

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