Big day
PlusThe Fed decides
What it said
- Target range
- 3.75% to 4%Unchanged
- Vote
- 10 to 2
Source: Federal Reserve
Why it matters in the US
In general
The Fed sets the rate that many US borrowing costs follow: credit cards and variable loans quickly, what savings accounts pay more slowly.
How markets usually react
US stocks usually have a normal day on Fed decision days
Big swings, when the S&P 500 rises or falls 1% or more in a day, are about as common on Fed decision days as on any other day.
Last time, on Oct 28, 2026, the S&P 500 rose 0.3%.
Looking back at 80 Fed decision days since 2016. History, not a prediction.
A calendar of what is scheduled, not a forecast.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
This product uses the Bureau of Economic Analysis (BEA) Data API but is not endorsed or certified by BEA.
BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov.