The next FOMC meeting concludes on 28 October 2026, in 23 days.
The FOMC meets eight times a year, usually across two consecutive days. The decision comes on the second day at 2:00 p.m. Washington time. The dates come from the Federal Reserve's official calendar; a change takes effect the day after the meeting.
For past dates, the table shows how the committee decided. For coming ones it shows the target range markets currently consider most likely, provided the corresponding monthly contract already trades.
Upcoming rate decisions
| Date | Lead time | Most likely target range | Probability |
|---|---|---|---|
| 28 October 2026 | in 23 days | 3.75–4.00% | 79% |
| 9 December 2026 | in 65 days | 4.00–4.25% | 67% |
| 27 January 2027 | in 114 days | 4.00–4.25% | 47% |
| 17 March 2027 | in 163 days | 4.25–4.50% | 44% |
| 28 April 2027 | in 205 days | 4.50–4.75% | 35% |
| 9 June 2027 | in 247 days | 4.50–4.75% | 35% |
| 28 July 2027 | in 296 days | 4.50–4.75% | 33% |
| 15 September 2027 | in 345 days | 4.50–4.75% | 31% |
| 27 October 2027 | in 387 days | 4.50–4.75% | 30% |
| 8 December 2027 | in 429 days | 4.50–4.75% | 30% |
Past rate decisions
Outcome per the Fed’s official target range series (FRED); each change took effect the day after the meeting.
| Date | Decision | Fed target range after |
|---|---|---|
| 16 September 2026 | +25 bp | 3.75–4.00% |
| 29 July 2026 | No change | 3.50–3.75% |
| 17 June 2026 | No change | 3.50–3.75% |
| 29 April 2026 | No change | 3.50–3.75% |
| 18 March 2026 | No change | 3.50–3.75% |
| 28 January 2026 | No change | 3.50–3.75% |
| 10 December 2025 | −25 bp | 3.50–3.75% |
| 29 October 2025 | −25 bp | 3.75–4.00% |
| 17 September 2025 | −25 bp | 4.00–4.25% |
| 30 July 2025 | No change | 4.25–4.50% |
| 18 June 2025 | No change | 4.25–4.50% |
| 7 May 2025 | No change | 4.25–4.50% |
| 19 March 2025 | No change | 4.25–4.50% |
| 29 January 2025 | No change | 4.25–4.50% |
| 18 December 2024 | −25 bp | 4.25–4.50% |
| 7 November 2024 | −25 bp | 4.50–4.75% |
| 18 September 2024 | −50 bp | 4.75–5.00% |
| 31 July 2024 | No change | 5.25–5.50% |
| 12 June 2024 | No change | 5.25–5.50% |
| 1 May 2024 | No change | 5.25–5.50% |
| 20 March 2024 | No change | 5.25–5.50% |
| 31 January 2024 | No change | 5.25–5.50% |