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.
There is no forecast value for Fed Interest Rate Decision yet - check back for updates.
(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% against a forecast of 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:
|Michigan Consumer Sentiment Index||Bearish change||63.4||62|
|UoM 5-year Consumer Inflation Expectation||Bullish change||2.8%||2.9%|
|Chicago Purchasing Managers' Index||Bullish change||43.6||43.8|
|Core Personal Consumption Expenditures - Price Index (MoM)||Bearish change||0.5%||0.3%|
|Core Personal Consumption Expenditures - Price Index (YoY)||Bearish change||4.7%||4.6%|
|Personal Income (MoM)||Bearish change||0.6%||0.3%|
|Personal Spending||Bearish change||2%||0.2%|
|Core Personal Consumption Expenditures (QoQ)||Bullish change||4.3%||4.4%|
|Gross Domestic Product Annualized||Bearish change||2.7%||2.6%|
|Gross Domestic Product Price Index||(no change)||3.9%||3.9%|
|Initial Jobless Claims||Bearish change||191K||198K|
|Initial Jobless Claims 4-week average||Bearish change||196.25K||198.25K|
|Personal Consumption Expenditures Prices (QoQ)||(no change)||3.7%||3.7%|
|Pending Home Sales (MoM)||Bearish change||8.1%||0.8%|
|Housing Price Index (MoM)||Bullish change||-0.1%||0.2%|
|S&P/Case-Shiller Home Price Indices (YoY)||Bearish change||4.6%||2.5%|
|S&P Global Composite PMI||Bullish change||50.1||53.3|
|S&P Global Manufacturing PMI||Bullish change||47.3||49.3|
|S&P Global Services PMI||Bullish change||50.6||53.8|
|Durable Goods Orders||Bullish change||-5%||-1%|
|Durable Goods Orders ex Defense||Bullish change||-5.6%||-0.5%|
|Durable Goods Orders ex Transportation||Bearish change||0.4%||0%|
|Nondefense Capital Goods Orders ex Aircraft||Bearish change||0.3%||0.2%|
|New Home Sales (MoM)||Bullish change||0.633M||0.64M|
|Chicago Fed National Activity Index||Bearish change||0.23||-0.19|
|Initial Jobless Claims||Bullish change||192K||191K|
|Initial Jobless Claims 4-week average||Bullish change||196.5K||196.25K|
|Interest Rate Projections - 1st year||Bullish change||4.1%||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%|
|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|
|United Kingdom||BoE Interest Rate Decision|
|Russian Federation||Interest rate decision|
The value of Fed Interest Rate Decision has been announced.