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 - Thursday 7 November 2024 19:00

Previous
5%
Forecast
4.75%
Actual
4.75%

Next event - Wednesday 18 December 2024 19:00

Previous
-
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 4.75% against a forecast of 4.75%.

Past events

Date
Forecast
Actual
Thursday 7 November 2024 19:00
4.75%
4.75%
Wednesday 18 September 2024 18:00
5.25%
5%
Wednesday 31 July 2024 18:00
5.5%
5.5%
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%

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
Building Permits (MoM)Bearish change1.425M-0.6M
Housing Starts (MoM)Bearish change1.353M1.311M
Industrial Production (MoM)Bullish change-0.5%-0.3%
NY Empire State Manufacturing IndexBullish change-11.931.2
Retail Sales (MoM)Bearish change0.8%0.4%
Retail Sales Control GroupBearish change1.2%-0.1%
Retail Sales ex Autos (MoM)Bearish change1%0.1%
Initial Jobless ClaimsBullish change221K217K
Producer Price Index (MoM)Bullish change0.1%0.2%
Producer Price Index (YoY)Bullish change1.9%2.4%
Producer Price Index ex Food & Energy (MoM)Bullish change0.2%0.3%
Producer Price Index ex Food & Energy (YoY)Bullish change2.9%3.1%
Monthly Budget StatementBearish change$64.7B$-257B
Consumer Price Index (MoM)(no change)0.2%0.2%
Consumer Price Index (YoY)Bullish change2.4%2.6%
Consumer Price Index ex Food & Energy (MoM)(no change)0.3%0.3%
Consumer Price Index ex Food & Energy (YoY)(no change)3.3%3.3%
Michigan Consumer Sentiment IndexBullish change70.573
UoM 5-year Consumer Inflation ExpectationBullish change3%3.1%
Initial Jobless ClaimsBearish change218K221K
Nonfarm ProductivityBullish change2.1%2.2%
Unit Labor CostsBearish change2.4%1.9%

About Fed Interest Rate Decision

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