SUMMARY OF FED DECISION (1/28/2026): 1. Fed halts rate cuts for the first time since July 2025 2. Fed says inflation remains "somewhat elevated" 3. Two Fed Governors dissent in favor of a 25 bps cut 4. Unemployment rate has shown "some signs of stabilization" 5. Fed reasserts goal of achieving 2% long-term inflation 6. Uncertainty about economic outlook "remains elevated" December may have marked Powell's final rate cut.(The Kobeissi Letter)