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 17 September 2025 18:00

Previous
4.5%
Forecast
4.25%
Actual
4.25%

Next event - Wednesday 29 October 2025 18:00

Previous
4.25%
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 4.25% against a forecast of 4.25%.

Past events

Date
Forecast
Actual
Wednesday 17 September 2025 18:00
4.25%
4.25%
Wednesday 30 July 2025 18:00
4.5%
4.5%
Wednesday 18 June 2025 18:00
4.5%
4.5%
Wednesday 7 May 2025 18:00
4.5%
4.5%
Wednesday 19 March 2025 18:00
4.5%
4.5%
Wednesday 29 January 2025 19:00
4.5%
4.5%
Wednesday 18 December 2024 19:00
4.5%
4.5%
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%

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
Challenger Job CutsBearish change85.979K54.064K
ISM Manufacturing Employment IndexBullish change43.845.3
ISM Manufacturing New Orders IndexBearish change51.448.9
ISM Manufacturing PMIBullish change48.749.1
ISM Manufacturing Prices PaidBearish change63.761.9
ADP Employment ChangeBearish change-3K-32K
JOLTS Job OpeningsBullish change7.208M7.227M
Chicago PMIBearish change41.540.6
Housing Price Index (MoM)Bullish change-0.2%-0.1%
Pending Home Sales (MoM)Bullish change-0.3%4%
Michigan Consumer Expectations IndexBearish change51.851.7
Michigan Consumer Sentiment IndexBearish change55.455.1
UoM 1-year Consumer Inflation ExpectationsBearish change4.8%4.7%
UoM 5-year Consumer Inflation ExpectationBearish change3.9%3.7%
Core Personal Consumption Expenditures - Price Index (MoM)(no change)0.2%0.2%
Core Personal Consumption Expenditures - Price Index (YoY)(no change)2.9%2.9%
Personal Consumption Expenditures - Price Index (MoM)Bullish change0.2%0.3%
Personal Consumption Expenditures - Price Index (YoY)Bullish change2.6%2.7%
Personal Income (MoM)(no change)0.4%0.4%
Personal SpendingBullish change0.5%0.6%
Existing Home Sales Change (MoM)Bearish change2%-0.2%
Core Personal Consumption Expenditures (QoQ)Bullish change2.5%2.6%
Durable Goods OrdersBullish change-2.7%2.9%
Durable Goods Orders ex DefenseBullish change-2.5%1.9%
Durable Goods Orders ex TransportationBearish change1%0.4%
Gross Domestic Product AnnualizedBullish change3.3%3.8%
Gross Domestic Product Price IndexBullish change2%2.1%
Initial Jobless ClaimsBullish change232K218K
Nondefense Capital Goods Orders ex AircraftBearish change0.8%0.6%
Personal Consumption Expenditures Prices (QoQ)Bullish change2%2.1%
New Home Sales Change (MoM)Bullish change-1.8%20.5%
S&P Global Composite PMIBearish change54.653.6
S&P Global Manufacturing PMIBearish change5352
S&P Global Services PMIBearish change54.553.9

About Fed Interest Rate Decision

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

Personal Trade Copier

Trade Mirror

Trading Simulator

MyTrader App Suite

Publisher EA

MyTrader Connector EA

All Trader Downloads

All Developer Downloads

Currency Strength

Trader Sentiment

Price Alerts

Mini Charts

Premium Charting

Market Scanner

All Tools

Next High Impact Events

Week View

Next 24 Hours

Session Map

Chart View

Future Events

Past Events

Big Market Movers

Compare Brokers

Broker Offers

Market Analysis

Price Action News

Broker News

Example Analysis

Widgets

FAQ

Statement

Stats

Risk analysis

Widgets

Portfolio

FAQ

Please Log In
Not yet a user?