FOMC October 2026 - Federal Funds Rate Decision

Date: The Federal Open Market Committee (FOMC) meets Tuesday-Wednesday, October 27-28, 2026. Time: The rate decision statement is released at 2:00 PM ET on October 28, 2026, followed by a press conference with the Fed Chair at approximately 2:30 PM ET. Venue: Federal Reserve Board, Eccles Building, Washington, D.C. (the FOMC meeting itself is closed to the public; the outcome is delivered via official press release and press conference). Context: At its prior meeting on September 16, 2026, the FOMC voted unanimously (12-0) to raise the federal funds target range by 25 basis points, from 3.50%-3.75% to the current 3.75%-4.00%. The Committee cited persistent pressure in energy and consumer price measures keeping inflation above its 2% objective, while noting that domestic economic activity continues to expand at a solid pace, job gains have kept pace with growth in the labor force, and unemployment has remained stable. The Committee also acknowledged elevated uncertainty tied in part to geopolitical developments, and stated that future policy decisions will remain data-dependent heading into the final quarter of the year. This event covers whether the FOMC changes the federal funds target rate range at the conclusion of its October 2026 meeting, and if so, in which direction and by how much, relative to the current 3.75%-4.00% target range.

This event settles based on the official FOMC statement released at the conclusion of the October 27-28, 2026 meeting, as published by the Federal Reserve Board (federalreserve.gov). The federal funds target range in effect immediately prior to the meeting (3.75%-4.00%) is compared to the new target range announced in the statement. The market corresponding to the resulting change will settle Yes; all other markets in this event will settle No: 'No Change (Hold)' if the target range is unchanged; '25 bps Cut' if lowered by exactly 0.25 percentage points; '50+ bps Cut' if lowered by 0.50 percentage points or more; '25 bps Hike' if raised by exactly 0.25 percentage points; '50+ bps Hike' if raised by 0.50 percentage points or more. If the meeting is postponed or the decision is not announced as scheduled, the event will be settled or voided per official Federal Reserve communication and platform policy.