Central bank · USD
Federal Reserve (FOMC) meeting dates 2026–2027 and the current Fed rate
Short answer: the Federal Reserve's federal funds target range is 3.75–4.00% (last change: +0.25, Sep 2026). The next decision is on 9 December 2026, at 19:00 UK time (14:00 Washington time).
FOMC meeting dates 2026–2027
Decision days as the Federal Reserve publishes them. Second day of each two-day meeting. The Fed marks each date tentative until the previous meeting confirms it. Dates up to 5 November 2026 are marked as held.
| Decision day | Washington time | UK time | New York time | Status |
|---|---|---|---|---|
| Wed, 28 Jan 2026 | 14:00 | 19:00 | 14:00 | Held |
| Wed, 18 Mar 2026 | 14:00 | 18:00 | 14:00 | Held |
| Wed, 29 Apr 2026 | 14:00 | 19:00 | 14:00 | Held |
| Wed, 17 Jun 2026 | 14:00 | 19:00 | 14:00 | Held |
| Wed, 29 Jul 2026 | 14:00 | 19:00 | 14:00 | Held |
| Wed, 16 Sept 2026 | 14:00 | 19:00 | 14:00 | Held |
| Wed, 28 Oct 2026 | 14:00 | 18:00 | 14:00 | Held |
| Wed, 9 Dec 2026 | 14:00 | 19:00 | 14:00 | Next |
| Wed, 27 Jan 2027 | 14:00 | 19:00 | 14:00 | Scheduled |
| Wed, 17 Mar 2027 | 14:00 | 18:00 | 14:00 | Scheduled |
| Wed, 28 Apr 2027 | 14:00 | 19:00 | 14:00 | Scheduled |
| Wed, 9 Jun 2027 | 14:00 | 19:00 | 14:00 | Scheduled |
| Wed, 28 Jul 2027 | 14:00 | 19:00 | 14:00 | Scheduled |
| Wed, 15 Sept 2027 | 14:00 | 19:00 | 14:00 | Scheduled |
| Wed, 27 Oct 2027 | 14:00 | 19:00 | 14:00 | Scheduled |
| Wed, 8 Dec 2027 | 14:00 | 19:00 | 14:00 | Scheduled |
Times follow each zone's daylight saving rules, so the UK time can shift by an hour in the weeks when the UK and the other country change clocks on different dates. Confirm on the official calendar before relying on a date.
Current FOMC interest rate
- Federal funds target range: 3.75–4.00%
- Last change: +0.25, Sep 2026
- Who decides: The Federal Open Market Committee (FOMC), which has 12 voting members.
- Target: 2% inflation over the longer run, measured by the annual change in the price index for personal consumption expenditures (PCE). Source
- How it explains decisions: A policy statement at the announcement, followed by the Chair's press conference, and the Summary of Economic Projections at four meetings a year.
Currency pairs the FOMC moves
A rate decision moves USD pairs through the gap between the two policy rates. This is the gap today for the 7 major pairs that include USD; the full table covers all 10.
| Pair | Base rate | Quote rate | Gap (base − quote) |
|---|---|---|---|
| EUR/USD | EUR 2.50% | USD 3.75–4.00% | −1.50 to −1.25 pp |
| GBP/USD | GBP 4.00% | USD 3.75–4.00% | 0.00 to +0.25 pp |
| USD/JPY | USD 3.75–4.00% | JPY 1.25% | +2.50 to +2.75 pp |
| USD/CHF | USD 3.75–4.00% | CHF 0.00% | +3.75 to +4.00 pp |
| USD/CAD | USD 3.75–4.00% | CAD 2.50% | +1.25 to +1.50 pp |
| AUD/USD | AUD 4.85% | USD 3.75–4.00% | +0.85 to +1.10 pp |
| NZD/USD | NZD 2.75% | USD 3.75–4.00% | −1.25 to −1.00 pp |
The gap is arithmetic on official policy rates, not a broker's swap rate and not a forecast. Markets react to the decision against what was expected, and often more to the guidance about future meetings than to the decision itself.
See the FOMC in MacroMatrixFX
MacroMatrixFX shows the FOMC's decisions on its built-in economic calendar and reads the rates and policy family alongside inflation, growth, positioning and risk for each of its 10 pairs, with a confidence reading on every score. Its alerts for a currency's pairs pause around that currency's high-impact events. EUR/USD, GBP/USD and USD/JPY are free.
Explore MacroMatrixFX · What is a fundamental bias? · Release dates in UK time
Other central banks
- European Central Bank (ECB) meeting dates and rate
- Bank of England (BoE) meeting dates and rate
- Bank of Japan (BoJ) meeting dates and rate
- Swiss National Bank (SNB) meeting dates and rate
- Bank of Canada (BoC) meeting dates and rate
- Reserve Bank of Australia (RBA) meeting dates and rate
- Reserve Bank of New Zealand (RBNZ) meeting dates and rate
- All eight central banks in one table
- Federal Reserve: policy rate · decision calendar · mandate and target · announcement time
- BIS: central bank policy rates (cross-check)
Sources are cited so you can verify them. They are independent of Macro Research Technologies and have not reviewed or approved this content. Educational content only, not financial advice. Rates and dates can change at short notice. Contact us with corrections.