United States

Federal Reserve interest rate decision

The Federal Open Market Committee’s decision on the target range for the federal funds rate. The calendar shows the upper end.

In short

The last Fed decision release came in at 4% against a forecast of 4% and 3.75% the time before. It was published on Wed, 16 Sept 2026, 20:00 SAST. The next release is due Wed, 28 Oct 2026, 20:00 SAST.

Next release
Wed, 28 Oct 2026, 20:00 SAST · in 20d 21h
Forecast
–
Last release
4%
Previous
3.75%

Actual against forecastEvery release

4.25% (forecast 4.25%) 4% (forecast 4%) 3.75% (forecast 3.75%) 3.75% (forecast 3.75%) 3.75% (forecast 3.75%) 3.75% (forecast 3.75%) 3.75% (forecast 3.75%) 3.75% (forecast 3.75%) 4% (forecast 4%)
ReleasedForActualForecastPrevious
2026-10-28–––4%
2026-09-16–4%4%3.75%
2026-07-29–3.75%3.75%3.75%
2026-06-17–3.75%3.75%3.75%
2026-04-29–3.75%3.75%3.75%
2026-03-18–3.75%3.75%3.75%
2026-01-28–3.75%3.75%3.75%
2025-12-10–3.75%3.75%4%
2025-10-29–4%4%4.25%
2025-09-17–4.25%4.25%4.5%

What it isWhy it matters here

US rates set the price of money worldwide. They move the rand, foreign flows into JSE shares and the room the Reserve Bank has to cut or hike.

How often
Eight scheduled meetings a year

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CalendarOther releases we track

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QuestionsGood to know.

  • The Federal Open Market Committee’s decision on the target range for the federal funds rate. The calendar shows the upper end.

  • US rates set the price of money worldwide. They move the rand, foreign flows into JSE shares and the room the Reserve Bank has to cut or hike.

  • US Federal Reserve (FOMC). Eight scheduled meetings a year. The next date, the forecast and every recent result are on this page.

  • Yes, free. Choose this release in the alert form and pick when you want to hear: the day before, the morning of, an hour or 15 minutes before, or when the number is out.

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