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.
The typical/expected impact on USD pairs is high.
The consensus forecast for Fed Interest Rate Decision is 5.5%. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.
(A summary of the historic trading range after each event is not available for Fed Interest Rate Decision. Please check the candle charts instead.)
The trading range of EURUSD was pips following the most recent Fed Interest Rate Decision.
The most recent announced value for Fed Interest Rate Decision was 5.5% against a forecast of 5.5%.
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:
Country: | United States |
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Currency: | USD |
Source: | Federal Reserve |
Category: | Interest Rates |
Frequency: | Weekly/week-based |
Australia | RBA Interest Rate Decision | ||
Canada | BoC Interest Rate Decision | ||
Switzerland | SNB Interest Rate Decision | ||
China | PBoC Interest Rate Decision | ||
Eurozone | ECB Rate On Main Refinancing Operations | ||
Japan | BoJ Interest Rate Decision | ||
New Zealand | RBNZ Interest Rate Decision | ||
Turkey | CBRT Interest Rate Decision | ||
United Kingdom | BoE Interest Rate Decision | ||
Russian Federation | Interest rate decision |
The value of Fed Interest Rate Decision has been announced.
Forecast | Actual |