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 22 March 2023 18:00

Previous
4.75%
Forecast
5%
Actual
5%

Next event - Wednesday 3 May 2023 18:00

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 5% against a forecast of 5%.

Past events

Date
Forecast
Actual
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%
Wednesday 17 March 2021 18:00
0.25%
0.25%
Wednesday 27 January 2021 19:00
0.25%
0.25%
Wednesday 16 December 2020 19:00
0.25%
0.25%
Thursday 5 November 2020 19:00
0.25%
0.25%
Wednesday 16 September 2020 18:00
0.25%
0.25%
Wednesday 29 July 2020 18:00
0.25%
0.25%
Wednesday 10 June 2020 18:00
0.25%
0.25%
Wednesday 29 April 2020 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
Michigan Consumer Sentiment IndexBearish change63.462
UoM 5-year Consumer Inflation ExpectationBullish change2.8%2.9%
Chicago Purchasing Managers' IndexBullish change43.643.8
Core Personal Consumption Expenditures - Price Index (MoM)Bearish change0.5%0.3%
Core Personal Consumption Expenditures - Price Index (YoY)Bearish change4.7%4.6%
Personal Income (MoM)Bearish change0.6%0.3%
Personal SpendingBearish change2%0.2%
Core Personal Consumption Expenditures (QoQ)Bullish change4.3%4.4%
Gross Domestic Product AnnualizedBearish change2.7%2.6%
Gross Domestic Product Price Index(no change)3.9%3.9%
Initial Jobless ClaimsBearish change191K198K
Initial Jobless Claims 4-week averageBearish change196.25K198.25K
Personal Consumption Expenditures Prices (QoQ)(no change)3.7%3.7%
Pending Home Sales (MoM)Bearish change8.1%0.8%
Housing Price Index (MoM)Bullish change-0.1%0.2%
S&P/Case-Shiller Home Price Indices (YoY)Bearish change4.6%2.5%
S&P Global Composite PMIBullish change50.153.3
S&P Global Manufacturing PMIBullish change47.349.3
S&P Global Services PMIBullish change50.653.8
Durable Goods OrdersBullish change-5%-1%
Durable Goods Orders ex DefenseBullish change-5.6%-0.5%
Durable Goods Orders ex TransportationBearish change0.4%0%
Nondefense Capital Goods Orders ex AircraftBearish change0.3%0.2%
New Home Sales (MoM)Bullish change0.633M0.64M
Chicago Fed National Activity Index Bearish change0.23-0.19
Initial Jobless ClaimsBullish change192K191K
Initial Jobless Claims 4-week averageBullish change196.5K196.25K
Interest Rate Projections - 1st yearBullish change4.1%4.3%
Interest Rate Projections - 2nd year(no change)3.1%3.1%
Interest Rate Projections - Current(no change)5.1%5.1%
Interest Rate Projections - Longer(no change)2.5%2.5%

About Fed Interest Rate Decision

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