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 1 May 2024 18:00

Previous
5.5%
Forecast
5.5%
Actual
5.5%

Next event - Wednesday 12 June 2024 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 5.5% against a forecast of 5.5%.

Past events

Date
Forecast
Actual
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%
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%

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
ISM Services Employment IndexBearish change48.545.9
ISM Services New Orders IndexBearish change54.452.2
ISM Services PMIBearish change51.449.4
ISM Services Prices PaidBullish change53.459.2
S&P Global Composite PMIBullish change50.951.3
Average Hourly Earnings (MoM)Bearish change0.3%0.2%
Average Hourly Earnings (YoY)Bearish change4.1%3.9%
Labor Force Participation Rate(no change)62.7%62.7%
Nonfarm PayrollsBearish change315K175K
U6 Underemployment RateBearish change7.3%7.4%
Unemployment RateBearish change3.8%3.9%
Factory Orders (MoM)Bullish change1.2%1.6%
Initial Jobless Claims(no change)208K208K
Nonfarm ProductivityBearish change3.5%0.3%
Unit Labor CostsBullish change0%4.7%
Challenger Job CutsBearish change90.309K64.789K
ISM Manufacturing Employment IndexBullish change47.448.6
ISM Manufacturing New Orders IndexBearish change51.449.1
ISM Manufacturing PMIBearish change50.349.2
ISM Manufacturing Prices PaidBullish change55.860.9
JOLTS Job OpeningsBearish change8.813M8.488M
ADP Employment ChangeBearish change208K192K
Chicago Purchasing Managers' IndexBearish change41.437.9
Housing Price Index (MoM)Bullish change-0.1%1.2%
Employment Cost IndexBullish change0.9%1.2%
Michigan Consumer Sentiment IndexBearish change77.977.2
UoM 5-year Consumer Inflation Expectation(no change)3%3%
Core Personal Consumption Expenditures - Price Index (MoM)(no change)0.3%0.3%
Core Personal Consumption Expenditures - Price Index (YoY)(no change)2.8%2.8%
Personal Consumption Expenditures - Price Index (MoM)(no change)0.3%0.3%
Personal Consumption Expenditures - Price Index (YoY)Bullish change2.5%2.7%
Personal Income (MoM)Bullish change0.3%0.5%
Personal Spending(no change)0.8%0.8%
Pending Home Sales (MoM)Bullish change1.6%3.4%
Core Personal Consumption Expenditures (QoQ)Bullish change2%3.7%
Gross Domestic Product AnnualizedBearish change3.4%1.6%
Gross Domestic Product Price IndexBullish change1.7%3.1%
Initial Jobless ClaimsBullish change212K207K
Personal Consumption Expenditures Prices (QoQ)Bullish change1.8%3.4%

About Fed Interest Rate Decision

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

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