Also known as Fed Rate Decision.
The Fed's target interest rate — the base rate everything else in markets is priced off.
The single most important number in markets. Even a fully-priced decision moves everything via the statement's wording.
Usual market effect. Rate hike or talk of higher rates = dollar up, bearish for stocks; cut or talk of lower rates = the reverse.
| Release | Actual | Forecast | Previous | Read |
|---|---|---|---|---|
| Sep 2026 2026-09-16 | 4.00% | 4.00% | 3.75% | In line |
| Jul 2026 2026-07-29 | 3.75% | 3.75% | 3.75% | In line |
| Jun 2026 2026-06-17 | 3.75% | 3.75% | 3.75% | In line |
| Apr 2026 2026-04-29 | 3.75% | 3.75% | 3.75% | In line |
| Mar 2026 2026-03-18 | 3.75% | 3.75% | 3.75% | In line |
| Mar 2026 2026-03-17 | 3.75% | 3.75% | 3.75% | In line |
| Jan 2026 2026-01-28 | 3.75% | 3.75% | 3.75% | In line |
| Dec 2025 2025-12-10 | 3.75% | 3.75% | 4.00% | In line |
| Oct 2025 2025-10-29 | 4.00% | 4.00% | 4.25% | In line |
| Oct 2025 2025-10-28 | 4.00% | 4.00% | 4.25% | In line |
| Sep 2025 2025-09-17 | 4.25% | 4.25% | 4.50% | In line |
| Jul 2025 2025-07-30 | 4.50% | 4.50% | 4.50% | In line |
| Jun 2025 2025-06-18 | 4.50% | 4.50% | 4.50% | In line |
| May 2025 2025-05-07 | 4.50% | 4.50% | 4.50% | In line |
| Mar 2025 2025-03-19 | 4.50% | 4.50% | 4.50% | In line |
| Jan 2025 2025-01-29 | 4.50% | 4.50% | 4.50% | In line |
| Dec 2024 2024-12-18 | 4.50% | 4.50% | 4.75% | In line |
| Nov 2024 2024-11-07 | 4.75% | 4.75% | 5.00% | In line |
“Read” is Tape Desk's own bullish/bearish call on how the surprise usually lands for US stock indexes. It is a rule of thumb, not advice.
Tape Desk puts the US economic calendar next to a live market-moving news tape, so you see the actual the second it prints instead of refreshing a calendar page. High-impact releases fire an alert 15 minutes ahead and again on release.