The Federal Reserve will wrap up their January meeting this afternoon, releasing a statement at 2 p.m. Despite the fact that the FOMC is widely expected not to increase rates at this time, there are still a number of key factors to look out for.
The first being U.S. growth going into 2016, fourth quarter GDP grew at about 0.8 percent while recent retail sales and manufacturing data contracted. In focus is the Fed's description of U.S. growth and whether it is downgraded.
"Another significant factor at hand is the negative aspects associated with continuing declines in oil which have spread to nearly every facet of the economy including inflation. As part of the Fed's dual mandate, Fed is expected to issue statement on the inflation outlook and implication of falling oil prices. Meanwhile, bellwether companies in technology and industrials lowered earnings outlook in the latest earnings releases for Q4 2015, sending markets lower", notes Voya Global Perspectives.


Taiwan Central Bank Likely to Keep Interest Rates Unchanged Through 2027
BOJ Raises Interest Rates to 1% as Inflation Pressures Persist
South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated
BOJ June Rate Hike Likely as Inflation Risks Rise Amid Middle East Tensions
ECB Set to Raise Interest Rates as Energy Shock Fuels Eurozone Inflation Concerns
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets
RBI Hits Pause as Geopolitical Storm Clouds Gather
RBA Expected to Hold Interest Rates at 4.35% as Markets Watch AUD/USD and ASX 200
ECB Keeps July Rate Options Open Amid Iran War Energy Price Risks
Jerome Powell Warns Against Politicizing the Federal Reserve, Defends Democratic Institutions 



