The US Federal Reserve (Fed) will meet eight times in 2023 to set interest rates. These meetings are expected to be essential in determining the direction of the economy, as well as the status of current and future US economic policies. The Fed’s announcement schedule is usually released around the beginning of a new year, and this year was no different. As such, we now have the dates for each of the Fed’s eight interest rate announcements throughout the year.
The first meeting of 2023 is scheduled for February 1st and will be followed by seven more on March 22nd, May 3rd, June 14th, July 26th, September 20th, November 1st and December 13th. All announcements will come at 2pm Eastern Time on their respective dates and will be followed by a press conference from Fed Chair Jerome Powell.
Interest rate futures suggest that the Fed may keep short-term rates within a 4% to 5% band for much of 2023, barring any unforeseen changes to economic conditions. This would mean that the overall direction of interest rates would remain unchanged over the period but could also see changes if there are unexpected increases in economic output or decreases in unemployment numbers.
It should also be noted that even though there is an expectation for no significant movements in interest rate levels over much of 2023 – this could change at any point should economic conditions warrant it. We may see further rate cuts if economic growth slows at any point throughout the year or inflation rises too quickly.
When is the next Fed interest rate decision?
The next Fed interest rate decision will be on Wednesday, February 1. 2023, at 2 p.m. Based on experts’ projections, we expect the Next FED Interest Rate Hike to be a 0.25% increase to 4.5%-4.75% on February 1.
However, based on the latest polls, interest rate expectation is mixed. While most see a 0.25% point increase, some analysts expect no change. Because of that, we need to be cautious and wait for the next Fed steps.
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These predictions aside, investors should still pay close attention to all eight meetings throughout 2023, as any changes by The Fed can have ripple effects across global markets and economies. From pension funds to individual investors – understanding how The Federal Reserve’s decisions affect you can help you plan your financial strategy accordingly and prepare for future risks or opportunities when necessary.
Let us see the US Central bank meetings:
When is the Fed rate announcement?
The Fed’s 2023 Meeting Schedule (FOMC Meetings), when will Fed rate announcement are:
- February 1, 2023
- March 22, 2023
- May 3, 2023
- June 14, 2023
- July 26, 2023
- September 20, 2023
- November 1, 2023
- December 13, 2023
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When does the Fed meet this month?
This month December 2022, Fed will meet on 14 December. The next Fed meeting in the new year will be on February 1. 2023.
In 2023, Fed will not provide any rate announcements in January, April, August, and October.
This month, the Federal Reserve will meet on December 14. to discuss the present state of the American economy. During these meetings, the members of the Federal Open Market Committee (FOMC) will review economic data and make recommendations for adjustments to interest rates and policies. The main focus of these meetings is to assess whether or not inflation remains within a desirable range, as well as if further economic stimulus is needed to maintain economic stability.
The United States economy has experienced an unprecedented level of growth in recent months despite the lingering COVID-19 pandemic. This has been credited to massive federal stimulus packages passed earlier this year, which have allowed Americans to maintain their spending and investing habits during this time of crisis. As such, it’s expected that members of the FOMC will discuss potential changes to existing policy in order to keep this growth going in a sustainable way.
The Fed also typically reviews data about employment numbers and consumer confidence levels during its meetings. In particular, they are likely to be looking at jobless claims figures in light of recent announcements from major companies announcing layoffs or furloughs due to the pandemic. Additionally, they may consider other measures such as housing starts, retail sales figures, and commercial bank lending activity when making decisions about current policy.
After two days of deliberations over this month’s meeting, members of the FOMC will then decide on what actions should be taken based on their findings. Once these actions are decided upon – such as raising interest rates or maintaining them at existing levels – they are communicated publicly through press conferences and statements given by Chairman Jerome Powell and other members of the committee.
Looking ahead into next year, the Federal Reserve is expected to hold its next meeting on February 1st 2023 where it will again review economic data before making any decisions about changing policy or interest rate levels accordingly. Until then however, all eyes will be watching how both consumers and businesses respond to this month’s decision – particularly if further economic relief efforts become necessary due to increased cases or another wave of lockdowns taking place across America during winter months.
Let us see Fed Interest Rate Decision Today:
Fed interest rate decision projection
We can expect 0.5% points increase at the next Fed meeting on Wednesday, December 14, at 2 p.m. ET. Additionally, financial experts project a 0.25% or 0.5% interest rate hike in February.
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US interest rate charts
US Interest Rate Table
| Rate Release Date | Time | Actual interest rate | Forecast | Previous |
|---|---|---|---|---|
| Dec 14, 2022 | 14:00 | |||
| Nov 02, 2022 | 13:00 | 4.00% | 4.00% | 3.25% |
| Sep 21, 2022 | 13:00 | 3.25% | 3.25% | 2.50% |
| Jul 27, 2022 | 13:00 | 2.50% | 2.50% | 1.75% |
| Jun 15, 2022 | 13:00 | 1.75% | 1.50% | 1.00% |
| May 04, 2022 | 13:00 | 1.00% | 1.00% | 0.50% |
| Mar 16, 2022 | 13:00 | 0.50% | 0.50% | 0.25% |
| Jan 26, 2022 | 14:00 | 0.25% | 0.25% | 0.25% |
| Dec 15, 2021 | 14:00 | 0.25% | 0.25% | 0.25% |
| Nov 03, 2021 | 13:00 | 0.25% | 0.25% | 0.25% |
| Sep 22, 2021 | 13:00 | 0.25% | 0.25% | 0.25% |
| Jul 28, 2021 | 13:00 | 0.25% | 0.25% | 0.25% |
| Jun 16, 2021 | 13:00 | 0.25% | 0.25% | 0.25% |
| Apr 28, 2021 | 13:00 | 0.25% | 0.25% | 0.25% |
| Mar 17, 2021 | 13:00 | 0.25% | 0.25% | 0.25% |
| Jan 27, 2021 | 14:00 | 0.25% | 0.25% | 0.25% |
| Dec 16, 2020 | 14:00 | 0.25% | 0.25% | 0.25% |
| Nov 05, 2020 | 14:00 | 0.25% | 0.25% | 0.25% |
| Sep 16, 2020 | 13:00 | 0.25% | 0.25% | 0.25% |
| Jul 29, 2020 | 13:00 | 0.25% | 0.25% | 0.25% |
| Jun 10, 2020 | 13:00 | 0.25% | 0.25% | 0.25% |
| Apr 29, 2020 | 13:00 | 0.25% | 0.25% | 0.25% |
| Mar 15, 2020 | 16:00 | 0.25% | 1.25% | |
| Mar 03, 2020 | 10:00 | 1.25% | 1.75% | |
| Jan 29, 2020 | 14:00 | 1.75% | 1.75% | 1.75% |
| Dec 11, 2019 | 14:00 | 1.75% | 1.75% | 1.75% |
| Oct 30, 2019 | 13:00 | 1.75% | 1.75% | 2.00% |
| Sep 18, 2019 | 13:00 | 2.00% | 2.00% | 2.25% |
| Jul 31, 2019 | 13:00 | 2.25% | 2.25% | 2.50% |
| Jun 19, 2019 | 13:00 | 2.50% | 2.50% | 2.50% |
| May 01, 2019 | 13:00 | 2.50% | 2.50% | 2.50% |
| Mar 20, 2019 | 13:00 | 2.50% | 2.50% | 2.50% |
| Jan 30, 2019 | 14:00 | 2.50% | 2.50% | 2.50% |
| Dec 19, 2018 | 14:00 | 2.50% | 2.50% | 2.25% |
| Nov 08, 2018 | 14:00 | 2.25% | 2.25% | 2.25% |
| Sep 26, 2018 | 13:00 | 2.25% | 2.25% | 2.00% |
| Aug 01, 2018 | 13:00 | 2.00% | 2.00% | 2.00% |
| Jun 13, 2018 | 13:00 | 2.00% | 2.00% | 1.75% |
| May 02, 2018 | 13:00 | 1.75% | 1.75% | 1.75% |
| Mar 21, 2018 | 13:00 | 1.75% | 1.75% | 1.50% |
| Jan 31, 2018 | 14:00 | 1.50% | 1.50% | 1.50% |
| Dec 13, 2017 | 14:00 | 1.50% | 1.50% | 1.25% |
| Nov 01, 2017 | 13:00 | 1.25% | 1.25% | 1.25% |
| Sep 20, 2017 | 13:00 | 1.25% | 1.25% | 1.25% |
| Jul 26, 2017 | 13:00 | 1.25% | 1.25% | 1.25% |
| Jun 14, 2017 | 13:00 | 1.25% | 1.25% | 1.00% |
| May 03, 2017 | 13:00 | 1.00% | 1.00% | 1.00% |
| Mar 15, 2017 | 13:00 | 1.00% | 1.00% | 0.75% |
| Feb 01, 2017 | 14:00 | 0.75% | 0.75% | 0.75% |
| Dec 14, 2016 | 14:00 | 0.75% | 0.75% | 0.50% |
| Nov 02, 2016 | 13:00 | 0.50% | 0.50% | 0.50% |
| Sep 21, 2016 | 13:00 | 0.50% | 0.50% | 0.50% |
| Jul 27, 2016 | 13:00 | 0.50% | 0.50% | 0.50% |
| Jun 15, 2016 | 13:00 | 0.50% | 0.50% | 0.50% |
| Apr 27, 2016 | 13:00 | 0.50% | 0.50% | 0.50% |
| Mar 16, 2016 | 13:00 | 0.50% | 0.50% | 0.50% |
| Jan 27, 2016 | 14:00 | 0.50% | 0.50% | 0.50% |
| Dec 16, 2015 | 14:00 | 0.50% | 0.50% | 0.25% |
| Oct 28, 2015 | 13:00 | 0.25% | 0.25% | 0.25% |
| Sep 17, 2015 | 13:00 | 0.25% | 0.25% | 0.25% |
| Jul 29, 2015 | 13:00 | 0.25% | 0.25% | 0.25% |
| Jun 17, 2015 | 13:00 | 0.25% | 0.25% | 0.25% |
| Apr 29, 2015 | 13:00 | 0.25% | 0.25% | 0.25% |
| Mar 18, 2015 | 13:00 | 0.25% | 0.25% | 0.25% |
| Jan 28, 2015 | 14:00 | 0.25% | 0.25% | 0.25% |
| Dec 17, 2014 | 14:00 | 0.25% | 0.25% | 0.25% |
| Oct 29, 2014 | 13:00 | 0.25% | 0.25% | 0.25% |
| Sep 17, 2014 | 13:00 | 0.25% | 0.25% | 0.25% |
| Jul 30, 2014 | 13:00 | 0.25% | 0.25% | 0.25% |
| Jun 18, 2014 | 13:00 | 0.25% | 0.25% | 0.25% |
| Apr 30, 2014 | 13:00 | 0.25% | 0.25% | 0.25% |
| Mar 19, 2014 | 13:00 | 0.25% | 0.25% | 0.25% |
| Jan 29, 2014 | 14:00 | 0.25% | 0.25% | 0.25% |
| Dec 18, 2013 | 14:00 | 0.25% | 0.25% | 0.25% |
| Oct 30, 2013 | 13:00 | 0.25% | 0.25% | 0.25% |
| Sep 18, 2013 | 13:00 | 0.25% | 0.25% | 0.25% |
| Jul 31, 2013 | 13:00 | 0.25% | 0.25% | 0.25% |
| Jun 19, 2013 | 13:00 | 0.25% | 0.25% | 0.25% |
| May 01, 2013 | 13:00 | 0.25% | 0.25% | 0.25% |
| Mar 20, 2013 | 13:00 | 0.25% | 0.25% | 0.25% |
| Jan 30, 2013 | 14:15 | 0.25% | 0.25% | 0.25% |
| Dec 12, 2012 | 12:30 | 0.25% | 0.25% | 0.25% |
| Oct 24, 2012 | 13:15 | 0.25% | 0.25% | 0.25% |
| Sep 13, 2012 | 11:30 | 0.25% | 0.25% | 0.25% |
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