The U.S. Federal Reserve has confirmed that the Federal Open Market Committee (FOMC) meeting will proceed as planned on January 27 and 28, despite severe weather causing federal government office closures in Washington, D.C. The FOMC statement is scheduled for release at 2:00 p.m. Eastern Time on January 28, followed by a press conference with the Federal Reserve Chair at 2:30 p.m. Eastern Time.