Fed Interest Rate Decision
The Federal Reserve (Fed) deliberates on monetary policy and makes a decision on interest rates at eight pre-scheduled meetings per year. It has two mandates: to keep inflation at 2%, and to maintain full employment. Its main tool for achieving this is by setting interest rates – both at which it lends to banks and banks lend to each other. If it decides to hike rates, the US Dollar (USD) tends to strengthen as it attracts more foreign capital inflows. If it cuts rates, it tends to weaken the USD as capital drains out to countries offering higher returns. If rates are left unchanged, attention turns to the tone of the Federal Open Market Committee (FOMC) statement, and whether it is hawkish (expectant of higher future interest rates), or dovish (expectant of lower future rates).
Next Event -
The typical/expected impact on USD pairs is High.
Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.
Most Recent -
Higher numbers than forecast tend to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.
Past Events
| Date | Time | Actual | Consensus |
|---|---|---|---|
| 28 January 2026 | 19:00 | 3.75% | 3.75% |
| 10 December 2025 | 19:00 | 3.75% | 3.75% |
| 29 October 2025 | 18:00 | 4% | 4% |
| 17 September 2025 | 18:00 | 4.25% | 4.25% |
| 30 July 2025 | 18:00 | 4.5% | 4.5% |
| 18 June 2025 | 18:00 | 4.5% | 4.5% |
| 07 May 2025 | 18:00 | 4.5% | 4.5% |
| 19 March 2025 | 18:00 | 4.5% | 4.5% |
| 29 January 2025 | 19:00 | 4.5% | 4.5% |
| 18 December 2024 | 19:00 | 4.5% | 4.5% |
| 07 November 2024 | 19:00 | 4.75% | 4.75% |
| 18 September 2024 | 18:00 | 5% | 5.25% |
| 31 July 2024 | 18:00 | 5.5% | 5.5% |
| 12 June 2024 | 18:00 | 5.5% | 5.5% |
| 01 May 2024 | 18:00 | 5.5% | 5.5% |
| 20 March 2024 | 18:00 | 5.5% | 5.5% |
| 31 January 2024 | 19:00 | 5.5% | 5.5% |
| 13 December 2023 | 19:00 | 5.5% | 5.5% |
| 01 November 2023 | 18:00 | 5.5% | 5.5% |
| 20 September 2023 | 18:00 | 5.5% | 5.5% |