What is the next Fed rate decision?
The Federal Reserve is expected to hold interest rates steady at its October 27-28, 2026 meeting. This is currently the most likely outcome.
Fed Rate Decision
Hold
Rates stayed the same
We predicted Hold the day before
How accurate are these forecasts?
Based on previous data, the accuracy is:
The 15 previous decisions were:
- Dec 17-18, 2024 · Cut 25 bps
- Jan 28-29, 2025 · Hold
- Mar 18-19, 2025 · Hold
- May 6-7, 2025 · Hold
- Jun 17-18, 2025 · Hold
- Jul 29-30, 2025 · Hold
- Sep 16-17, 2025 · Cut 25 bps
- Oct 28-29, 2025 · Cut 25 bps
- Dec 9-10, 2025 · Cut 25 bps
- Jan 27-28, 2026 · Hold
- Mar 17-18, 2026 · Hold
- Apr 28-29, 2026 · Hold
- Jun 16-17, 2026 · Hold
- Jul 28-29, 2026 · Hold
- Sep 15-16, 2026 · Hike 25 bpsMarket expected Hold 1 month before
↓ Cut= Hold↑ Hike
1 month before, the market got 1 of 15 meetings wrong.
When is the next FOMC meeting?
The next Federal Open Market Committee (FOMC) meeting is October 27-28, 2026. The interest rate decision is announced at 2:00 p.m. ET on Wednesday, October 28, 2026, followed by the Fed Chair's press conference.