2017 Economic Calendar
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FOMC Meeting Announcement  
Released On 9/20/2017 2:00:00 PM
PriorConsensusConsensus Range
Federal Funds Rate - Target Level1.00 to 1.25 %1.125 %1.00 % to 1.25 %

Recent History Of This Indicator
No rate hike is expected at this month's Federal Open Market Committee meeting but the beginning of balance-sheet unwinding is a distinct possibility. Debate at the meeting will center on the path of inflation, which has been soft but did show life at the core level in August, and possible economic risks due to Hurricanes Harvey and Irma. Caution over either issue could delay balance-sheet unwinding to another meeting. Whatever the decision, wording and updates on unwinding will be closely watched. For rates, all forecasters see the FOMC holding the federal funds target at a 1.00 to 1.25 percent range with a 1.125 percent midpoint.

Definition
The Federal Open Market Committee (FOMC) is the policy-making arm of the Federal Reserve. It determines short-term interest rates in the U.S. when it decides the overnight rate that banks pay each other for borrowing reserves when a bank has a shortfall in required reserves. This rate is the fed funds rate. The FOMC also determines whether the Fed should add or subtract liquidity in credit markets separately from that related to changes in the fed funds rate. The Fed announces its policy decision (typically whether to change the fed funds target rate) at the end of each FOMC meeting. This is the FOMC announcement. The announcement also includes brief comments on the FOMC's views on the economy and how many FOMC members voted for and how many voted against the policy decision. Since the last recession, the statement also includes information on Fed purchases of assets, so-called "quantitative easing", which affects longer-term interest rates. Also, a key part of the announcement is guidance on potential changes in policy rates or asset purchases.  Why Investors Care
 

2017 Release Schedule
Released On: 2/13/155/36/147/269/2011/112/13
 


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