Fed Interest Rate Decision

The US Federal Reserve has a policy meeting every five to eight weeks, and its single most significant decision is interest rates. A rise is taken to mean a healthy economy, and is bullish for USD. A rate cut sends the opposite signal. If the rate is left unchanged, the market can still be significantly removed by remarks during the subsequent FOMC Press Conference, starting 30 minutes after the rate announcement.

Most recent - Wednesday 12 June 2024 18:00

Previous
5.5%
Forecast
5.5%
Actual
5.5%

Trading range

Forecast history

The most recent announced value for Fed Interest Rate Decision was 5.5% against a forecast of 5.5%.

Past events

Date
Forecast
Actual
Wednesday 12 June 2024 18:00
5.5%
5.5%
Wednesday 1 May 2024 18:00
5.5%
5.5%
Wednesday 20 March 2024 18:00
5.5%
5.5%
Wednesday 31 January 2024 19:00
5.5%
5.5%
Wednesday 13 December 2023 19:00
5.5%
5.5%
Wednesday 1 November 2023 18:00
5.5%
5.5%
Wednesday 20 September 2023 18:00
5.5%
5.5%
Wednesday 26 July 2023 18:00
5.5%
5.5%
Wednesday 14 June 2023 18:00
5.25%
5.25%
Wednesday 3 May 2023 18:00
5.25%
5.25%
Wednesday 22 March 2023 18:00
5%
5%
Wednesday 1 February 2023 19:00
4.75%
4.75%
Wednesday 14 December 2022 19:00
4.5%
4.5%
Wednesday 2 November 2022 18:00
4%
4%
Wednesday 21 September 2022 18:00
3.25%
3.25%
Wednesday 27 July 2022 18:00
2.5%
2.5%
Wednesday 15 June 2022 18:00
1.5%
1.75%
Wednesday 4 May 2022 18:00
1%
1%
Wednesday 16 March 2022 18:00
0.5%
0.5%
Wednesday 26 January 2022 19:00
0.25%
0.25%
Wednesday 15 December 2021 19:00
0.25%
0.25%
Wednesday 3 November 2021 18:00
0.25%
0.25%
Wednesday 22 September 2021 18:00
-
0.25%
Wednesday 28 July 2021 18:00
0.25%
0.25%
Wednesday 16 June 2021 18:00
0.25%
0.25%

Economic context

Recent economic data has been moderately bearish for USD. Other recent announcements which may affect the market's interpretation of the next Fed Interest Rate Decision result:

PreviousLatest
Michigan Consumer Sentiment IndexBearish change69.165.6
UoM 5-year Consumer Inflation ExpectationBullish change3%3.1%
Initial Jobless ClaimsBearish change229K242K
Producer Price Index (MoM)Bearish change0.5%-0.2%
Producer Price Index (YoY)Bearish change2.3%2.2%
Producer Price Index ex Food & Energy (MoM)Bearish change0.5%0%
Producer Price Index ex Food & Energy (YoY)Bearish change2.4%2.3%
Monthly Budget StatementBearish change$209.5B$-347B
Interest Rate Projections - 1st yearBullish change3.9%4.1%
Interest Rate Projections - 2nd year(no change)3.1%3.1%
Interest Rate Projections - CurrentBullish change4.6%5.1%
Interest Rate Projections - LongerBullish change2.6%2.8%
Consumer Price Index (MoM)Bearish change0.3%0%
Consumer Price Index (YoY)Bearish change3.4%3.3%
Consumer Price Index ex Food & Energy (MoM)Bearish change0.3%0.2%
Consumer Price Index ex Food & Energy (YoY)Bearish change3.6%3.4%
Average Hourly Earnings (MoM)Bullish change0.2%0.4%
Average Hourly Earnings (YoY)Bullish change4%4.1%
Labor Force Participation RateBearish change62.7%62.5%
Nonfarm PayrollsBullish change165K272K
U6 Underemployment Rate(no change)7.4%7.4%
Unemployment RateBearish change3.9%4%
Initial Jobless ClaimsBearish change221K229K
Nonfarm ProductivityBearish change0.3%0.2%
Unit Labor CostsBearish change4.7%4%
Challenger Job CutsBearish change64.789K63.816K
ISM Services Employment IndexBullish change45.947.1
ISM Services New Orders IndexBullish change52.254.1
ISM Services PMIBullish change49.453.8
ISM Services Prices PaidBearish change59.258.1
S&P Global Composite PMIBullish change54.454.5
ADP Employment ChangeBearish change188K152K
Factory Orders (MoM)(no change)0.7%0.7%
JOLTS Job OpeningsBearish change8.355M8.059M
ISM Manufacturing Employment IndexBullish change48.651.1
ISM Manufacturing New Orders IndexBearish change49.145.4
ISM Manufacturing PMIBearish change49.248.7
ISM Manufacturing Prices PaidBearish change60.957

About Fed Interest Rate Decision

Country:United States
Currency:USD
Source:Federal Reserve
Category:Interest Rates
Frequency:Weekly/week-based
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