How many times does the FOMC meet per year?
The Federal Open Market Committee holds 8 regularly scheduled meetings per year, spaced roughly every 6 weeks. Each meeting spans two days, with the rate decision announced at 2:00 PM ET on the second day.
When are FOMC meeting minutes released?
Minutes are released 3 weeks after each rate decision, typically on a Wednesday at 2:00 PM ET. They provide a detailed account of the committee’s discussion, including areas of disagreement not visible in the brief post-meeting statement.
What is the Summary of Economic Projections (SEP)?
The SEP, commonly called the "dot plot," is released quarterly alongside the March, June, September, and December meetings. It shows each FOMC member’s anonymous projection for future interest rates, GDP growth, unemployment, and inflation — see the actual dot plot chart below.
How does a Fed rate decision affect the stock market?
Rate cuts lower the discount rate used to value future corporate earnings, which tends to push stock prices up, especially for growth and small-cap stocks. Rate hikes have the opposite effect and typically pressure bond prices and rate-sensitive sectors like real estate and utilities.
Where does this data come from?
Meeting dates are scraped directly from the Federal Reserve’s official calendar and cross-checked automatically each week so new dates appear as soon as the Fed publishes them. The current and historical federal funds rate comes from the Federal Reserve Bank of St. Louis (FRED) daily effective rate series.