MARKET RECAP → The S&P 500 (VOO) briefly passed the 7,000 mark Wednesday, but but closed the day little changed as the Fed’s decision to keep rates unchanged.

⏸️ POWELL HITS PAUSE → The Fed held rates steady, signaling patience as inflation cools unevenly and Powell sticks to a data-first script, keeping rate-cut hopes on ice for now.

💼 JPMORGAN MATCHES IN TRUMP’S ACCOUNTS GAME → Chase will match the $1,000 Trump Account government contribution for employees’ kids, blending corporate benefits with political headlines even as a $5 billion debanking lawsuit looms.

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For the week beginning January 27, 2026

🏦 Fed stands pat, again. The Federal Reserve held interest rates steady at its January meeting, keeping policy unchanged as officials wait for clearer evidence inflation is moving sustainably toward target. The decision was widely expected and reflects a Fed that’s cautious, not convinced, and in no rush to move.

📊 Inflation progress, but not victory. Officials acknowledged cooling inflation trends but stressed that price pressures remain uneven across services and housing. That uncertainty keeps the Fed firmly in “wait-and-see” mode, limiting near-term expectations for additional rate cuts.

🗣️ Powell keeps it clinical. Chair Jerome Powell avoided giving markets fresh direction, reiterating that policy decisions will stay data-dependent and sidestepping political noise swirling around the Fed. The message: stability now, flexibility later — but no promises.

🏦 Chase will match government contribution to new Trump Accounts: JPMorgan Chase said it will match the U.S. government’s $1,000 seed contribution to the new Trump Accounts investment program for eligible children of employees. The initiative — part of President Trump’s One Big Beautiful Bill Act — provides a one-time $1,000 Treasury deposit into investment accounts for kids born between 2025 and 2028, and JPMorgan will match that for its U.S. staff’s eligible children.

👶 What Trump Accounts are: These Trump Accounts function as investment accounts seeded at birth, expected to be invested in low-cost index funds and locked until age 18. The accounts are pitched as a way to jump-start long-term savings and economic mobility for the next generation. Other major financial firms, including Bank of America, have also pledged to match contributions and allow payroll deductions to fund these accounts.

⚖️ Odd timing amid legal tussle: JPMorgan’s matching announcement comes just days after President Trump sued the bank (and CEO Jamie Dimon) for $5 billion, alleging politically motivated “debanking” — the closure of his accounts and those of Trump-related businesses after 2021. JPMorgan denies the claims, saying account decisions were compliance-driven, not political.

The Fed releases its latest interest rate decision Wednesday. Here’s what to expect (CNBC)

JPMorgan Chase and Bank of America to match $1,000 U.S. contributions to employee ‘Trump accounts’ (CNBC)

Uncle Sam’s rare earth stake, Nike layoffs, five years of meme stocks and more in Morning Squawk (CNBC)

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