What wasn’t priced in?
Compare the decision with expectations before the announcement. An expected cut may do little; fewer future cuts than traders anticipated can still lift yields.
Economic events · Permanent reference
FOMC Meeting
A rate cut can still disappoint markets. Here’s how to read the decision, the message and the reaction.
Next scheduled meeting decision
Meeting starts October 27, 2026. Decision day shown above.
The Fed calendar does not specify the future statement’s release time. Check the official announcement for timing.
How to read the Fed decision
Read beyond the rate
Compare the statement with the last meeting, then listen to the Chair’s explanation. When projections are released, check the rate path; the dots are not promises.
Do bonds and the dollar agree?
Watch the two-year Treasury yield and the dollar. Higher yields and a stronger dollar can weigh on gold and rate-sensitive stocks, even after a cut.
Why is the Fed easing?
Lower inflation and weaker growth tell different stories. For investors, falling borrowing costs help less if the outlook for company earnings is deteriorating.
Previous scheduled meeting
September 16, 2026.
Related guides
- How the Federal Reserve works
- Interest rates explained
- Prediction markets and FedWatch
- FOMC decisions and volatility
- The yield curve
- Real yields
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