Next Fed meeting: 27-28 October 2026 and decision time
The next meeting of the Federal Open Market Committee, the group that sets US interest rates, is on Tuesday 27 and Wednesday 28 October 2026. The decision is published in a statement at 2:00 p.m. Eastern Time on Wednesday 28 October, followed by the Fed chair's press conference at 2:30 p.m. (Federal Reserve meeting calendar, October 2026 calendar).
Quick answers
- When is the next Fed meeting? 27 to 28 October 2026. Nothing is published on the first day.
- What time is the decision? 2:00 p.m. Eastern on 28 October, which is 18:00 UTC.
- What is the current rate? The target range for the federal funds rate is 3.75% to 4%. The FOMC raised it by a quarter of a percentage point on 16 September 2026, by a 12 to 0 vote (FOMC statement).
- Will there be new forecasts? No. The October meeting has no Summary of Economic Projections; the next one with projections is in December.
- When are the minutes out? Wednesday 18 November 2026 at 2:00 p.m. Eastern.
The decision in your time zone
The US is still on daylight saving time on 28 October, so Eastern Time is UTC minus 4. Europe has already switched to winter time.
| City | Statement | Press conference |
|---|---|---|
| Los Angeles | Wed 11:00 a.m. | 11:30 a.m. |
| Denver | Wed 12:00 p.m. | 12:30 p.m. |
| Chicago | Wed 1:00 p.m. | 1:30 p.m. |
| New York, Toronto | Wed 2:00 p.m. | 2:30 p.m. |
| São Paulo | Wed 3:00 p.m. | 3:30 p.m. |
| London | Wed 6:00 p.m. | 6:30 p.m. |
| Paris, Berlin | Wed 7:00 p.m. | 7:30 p.m. |
| Istanbul, Riyadh | Wed 9:00 p.m. | 9:30 p.m. |
| Dubai | Wed 10:00 p.m. | 10:30 p.m. |
| New Delhi | Wed 11:30 p.m. | Thu 12:00 a.m. |
| Singapore, Hong Kong | Thu 2:00 a.m. | 2:30 a.m. |
| Tokyo | Thu 3:00 a.m. | 3:30 a.m. |
| Sydney | Thu 5:00 a.m. | 5:30 a.m. |
What happens on the day
- 2:00 p.m. Eastern: the FOMC statement is posted on federalreserve.gov. It gives the new target range for the federal funds rate, the vote, and a short view of the economy.
- 2:30 p.m.: the Fed chair reads a statement and takes questions from reporters, usually for about an hour. It is streamed live on the Fed's website and YouTube channel.
- Three weeks later: the minutes come out, with more detail on the discussion.
This page does not predict the decision. Banks and news outlets publish their expectations in the days before the meeting; the Fed itself says nothing in the "blackout" period before it.
How the rate got here
At its previous meeting, on 15 and 16 September 2026, the committee raised the target range by a quarter point to 3.75% to 4%. Its statement said economic activity was "expanding at a solid pace" and that domestic spending had been resilient, while uncertainty remained elevated partly because of geopolitical developments. The vote was unanimous.
The rest of the calendar
- 8 to 9 December 2026: the last meeting of the year, with new economic projections.
- 2027 meetings: 26 to 27 January, 16 to 17 March, 27 to 28 April, 8 to 9 June, 27 to 28 July, 14 to 15 September, 26 to 27 October and 7 to 8 December. The Fed says each date is tentative until confirmed at the meeting before it.
Source: Federal Reserve FOMC calendars.
