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 20 March 2024 18:00

Previous
5.5%
Forecast
5.5%
Actual
5.5%

Next event - Wednesday 1 May 2024 18:00

Previous
5.5%
Forecast
-
Actual
-

The typical/expected impact on USD pairs is high.

There is no forecast value for Fed Interest Rate Decision yet - check back for updates.

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 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%
Wednesday 28 April 2021 18:00
0.25%
0.25%

Economic context

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

PreviousLatest
Core Personal Consumption Expenditures - Price Index (MoM)Bearish change0.5%0.3%
Core Personal Consumption Expenditures - Price Index (YoY)Bearish change2.9%2.8%
Personal Consumption Expenditures - Price Index (MoM)Bearish change0.4%0.3%
Personal Consumption Expenditures - Price Index (YoY)Bullish change2.4%2.5%
Personal Income (MoM)Bearish change1%0.3%
Personal SpendingBullish change0.2%0.8%
Michigan Consumer Sentiment IndexBullish change76.579.4
Pending Home Sales (MoM)Bullish change-4.7%1.6%
UoM 5-year Consumer Inflation ExpectationBearish change2.9%2.8%
Chicago Purchasing Managers' IndexBearish change4441.4
Core Personal Consumption Expenditures (QoQ)Bearish change2.1%2%
Gross Domestic Product AnnualizedBullish change3.2%3.4%
Gross Domestic Product Price Index(no change)1.7%1.7%
Initial Jobless ClaimsBullish change212K210K
Personal Consumption Expenditures Prices (QoQ)(no change)1.8%1.8%
Housing Price Index (MoM)Bearish change0.1%-0.1%
Durable Goods OrdersBullish change-6.9%1.4%
Durable Goods Orders ex DefenseBullish change-7.9%2.2%
Durable Goods Orders ex TransportationBullish change-0.3%0.5%
Nondefense Capital Goods Orders ex AircraftBullish change-0.4%0.7%
New Home Sales Change (MoM)Bearish change1.7%-0.3%
Existing Home Sales Change (MoM)Bullish change3.1%9.5%
S&P Global Composite PMIBearish change52.552.2
S&P Global Manufacturing PMIBullish change52.252.5
S&P Global Services PMIBearish change52.351.7
Initial Jobless ClaimsBullish change212K210K
Philadelphia Fed Manufacturing SurveyBearish change5.23.2
Interest Rate Projections - 1st yearBearish change4.6%3.9%
Interest Rate Projections - 2nd yearBearish change3.6%3.1%
Interest Rate Projections - CurrentBearish change5.4%4.6%
Interest Rate Projections - LongerBullish change2.5%2.6%
Building Permits (MoM)Bullish change1.489M1.518M
Housing Starts (MoM)Bullish change1.374M1.521M

About Fed Interest Rate Decision

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

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