MacroHigh impactConfirmed
FOMC Interest Rate Decision, October 28, 2026
The Federal Open Market Committee concludes a two-day meeting on October 28, 2026, with a rate decision at 2:00 pm ET.
Wednesday, October 28, 2026
18:00 UTC
About this event
The two-day meeting runs from October 27 to 28, 2026, and the policy decision is released on the second day at 2:00 pm ET (18:00 UTC). The federal funds target range in effect on September 30, 2026, before this decision, is 3.75% to 4%.
A press conference follows at 2:30 pm ET (18:30 UTC), half an hour after the decision.
Why it matters
The September CPI release on October 14 and the September PPI and Advance Retail Sales releases on October 15 fall in the three weeks before the October 28 decision.
Key facts
MeetingTwo-day meeting, October 27 - 28
Time2026-10-28 2:00 pm ET (18:00 UTC)
Press conference2026-10-28 2:30 pm ET (18:30 UTC)
What to watch
- 1The federal funds target range announced at 2:00 pm ET
- 2Minutes of this meeting, due November 18, 2026
- 3Next decision in the series, December 9, 2026
