Federal Reserve Reveals Major Change: One Fewer Rate Decision in 2027

Deep News08:36

The Federal Reserve announced on November 12, Eastern Time, its revised tentative schedule of Federal Open Market Committee meetings for 2027.

Under the new arrangement, the FOMC meeting scheduled for October 26-27, 2027 will no longer hold a vote on interest rate policy or issue a post-meeting policy statement, and will instead be dedicated to discussing the long-term strategic issues of monetary policy.

The Fed will hold 7 interest rate decision meetings in 2027, fewer than the usual practice of 8 per year, and the final meeting of the year will be moved up from December to November.

Federal Reserve Chairman Warsh had previously revealed the relevant reform plans at a press conference in October this year, and said that in 2028 the number of meetings without rate votes will further increase to two.

The following is the schedule of meetings: January 26-27, March 16-17, April 27-28, June 8-9, July 27-28, September 14-15, October 26-27, November 16-17, and January 25-26, 2028.

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