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What happened at the last Fed meeting?
At the latest FOMC meeting in December, the Fed dropped interest rates by a further 25 basis points to 3.5-3.75%.
Fed Chairman Jerome Powell remains concerned by sticky inflation, with some members of the committee voting to keep rates the same.
Current Federal interest rate
3.5-3.75%
When is the next Fed meeting?
Next Fed meeting
2026 Fed meeting schedule
The FOMC holds eight regularly scheduled meetings during the year and other meetings as needed. The minutes of the scheduled meetings are released three weeks after the date of the policy decision.
Meeting Date | ||
|---|---|---|
January | 27-28th | |
March | 17-18th | |
April | 28-29th | |
June | 16-17th | |
July | 28-29th | |
September | 15-16th | |
October | 27-28th | |
December | 8-9th |
What is the FOMC?
FOMC stands for Federal Open Market Committee, a branch of the US Federal Reserve. Members of the FOMC will meet at regular sessions to determine the monetary policy of the United States. This is referred to as the FOMC meeting, or simply the Fed meeting.
As well as dictating short-term monetary policy, the FOMC will agree upon a target federal funds rate (effectively the base interest rate for the US economy) which they believe will achieve their aims.
