Federal government offices in Washington, D.C. are closed today, Tuesday, January 27, due to severe winter weather across the region. Travel conditions remain hazardous after snow and ice accumulation, prompting authorities to suspend normal federal operations.
Despite the closure, the Federal Reserve confirmed that it is operating normally and that all scheduled data releases and policy activities will move forward without delay.
This includes economic data publications and the first day of the Federal Open Market Committee’s January policy meeting.
FOMC Meeting Begins Today
The Federal Open Market Committee begins its two-day meeting today, January 27, with discussions continuing through Wednesday.
While no policy decision will be announced today, today’s sessions focus on economic conditions, inflation trends, labor market data, and financial stability risks. These discussions will shape tomorrow’s policy statement and guidance.
The official FOMC statement is scheduled for release on Wednesday at 2:00 p.m. EST, followed by a press conference with Fed Chair Jerome Powell at 2:30 p.m. EST.
Today’s Federal Reserve Data Release Schedule
Alongside the policy meeting, the Federal Reserve will publish several closely watched data reports today. All release times remain unchanged.
1:00 p.m. EST Releases
Commercial Paper (CP)
This report tracks activity in the short-term corporate funding market. Investors watch commercial paper closely for signs of stress in liquidity conditions, especially during periods of tighter monetary policy.
H.6 – Money Stock Measures
The H.6 report provides updated data on the U.S. money supply, including measures such as M1 and M2. Changes in money growth can offer insight into lending trends, consumer spending, and overall financial conditions.
4:15 p.m. EST Release
H.15 – Selected Interest Rates
The H.15 release compiles a wide range of benchmark interest rates, including Treasury yields and money market rates. It serves as a daily reference for borrowing costs throughout the financial system.
Why Today Matters for Markets
Although today does not include a rate decision, activity during the first day of an FOMC meeting often sets the tone for market expectations. Traders and analysts review today’s data releases for signals that could influence tomorrow’s policy language.
The Fed’s decision to maintain its full schedule, even as much of the federal government remains closed, reinforces its operational resilience and commitment to policy continuity.
Today at a Glance
- Federal offices: Closed due to winter weather
- Federal Reserve: Open and fully operational
- FOMC meeting: Day one underway
- Data releases:
- 1:00 p.m. EST – Commercial Paper, H.6 Money Stock Measures
- 4:15 p.m. EST – H.15 Selected Interest Rates
- Policy decision: Wednesday, January 28
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