FOMC
One Decision
Many Market Reactions
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About FOMC
What is FOMC?
The Federal Open Market Committee (FOMC) is the Federal Reserve's branch responsible for setting U.S. monetary policy. The committee meets 8 times per year to assess the health of the economy and make key decisions on interest rates.
FOMC decisions directly impact the U.S. dollar, bond markets, crypto, equities, and commodities worldwide.
When is FOMC?
FOMC meetings are held 8 times per year (roughly every 6 weeks). The rate decision is announced on the second day of each meeting at 2:00 PM ET, followed by the Fed Chair's press conference at 2:30 PM ET.
Economic Importance
FOMC decisions shape market expectations globally. A rate hike typically strengthens the dollar and pushes gold lower, while a rate cut has the opposite effect. Traders closely watch not just the decision itself, but also the statement's tone and the dot-plot projections.
Schedule 2026
- Meeting Date
- Rate decision
- Rate
- Notes
- Jul 28-29, 2026
- -
- -
- -
- Jun 16-17, 2026
- HOLD
- 3.50% - 3.75%
- SEP + Dot Plot
- Apr 28-29, 2026
- HOLD
- 3.50% - 3.75%
- Decision: Apr 29, 2:00 PM ET
- Mar 17-18, 2026
- HOLD
- 3.50% - 3.75%
- SEP + Dot Plot
- Jan 28-29, 2026
- HOLD
- 3.50% - 3.75%
- Pause in cutting cycle
- Meeting DateJul 28-29, 2026Rate decision-Rate-Notes-
- Meeting DateJun 16-17, 2026Rate decisionHOLDRate3.50% - 3.75%NotesSEP + Dot Plot
- Meeting DateApr 28-29, 2026Rate decisionHOLDRate3.50% - 3.75%NotesDecision: Apr 29, 2:00 PM ET
- Meeting DateMar 17-18, 2026Rate decisionHOLDRate3.50% - 3.75%NotesSEP + Dot Plot
- Meeting DateJan 28-29, 2026Rate decisionHOLDRate3.50% - 3.75%NotesPause in cutting cycle
https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
NEXT FOMC DECISION IN:
- 09 :
- days
- 04 :
- hours
- 36 :
- minutes
- 17
- seconds
FEDERAL FUNDS RATE HISTORY
Market Impact Section How FOMC decisions affect different asset classes.
USD & Forex & Crypto
A rate hike strengthens the dollar - higher rates attract foreign capital inflows. A rate cut weakens the dollar against EUR, GBP, and JPY. Also against crypto, as dovish FED, means favourable conditions for crypto. The tone of the FOMC statement and the press conference often trigger more volatility than the rate decision itself.
Stocks & Indices
Lower rates mean cheaper credit and higher valuations. Rate hikes typically weigh on growth stocks. The S&P 500, NASDAQ, and Dow react to FOMC decisions with significant volatility, especially in the first 30 minutes after the announcement.
Gold & Commodities
Gold tends to decline when rates rise, as investors shift toward interest-bearing assets. Rate cuts and a dovish Fed tone support gold prices. Oil reacts to the growth projections included in the Summary of Economic Projections (SEP).
USA 500
-66 ( -0.87% )
E-mini SP 500 Futures [CME]
US Dollar Index
+0.04 ( +0.04% )
US Dollar Index Futures [ICE]
Gold($)
+29.7 ( +0.75% )
XAUUSD
Bitcoin
-470.54 ( -0.73% )
BTCUSD
USA 500
-66 ( -0.87% )
E-mini SP 500 Futures [CME]
US Dollar Index
+0.04 ( +0.04% )
US Dollar Index Futures [ICE]
Gold($)
+29.7 ( +0.75% )
XAUUSD
Bitcoin
-470.54 ( -0.73% )
BTCUSD
USA 500
-66 ( -0.87% )
E-mini SP 500 Futures [CME]
US Dollar Index
+0.04 ( +0.04% )
US Dollar Index Futures [ICE]
Gold($)
+29.7 ( +0.75% )
XAUUSD
Bitcoin
-470.54 ( -0.73% )
BTCUSD
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