Fed to skip interest rate decision in October 2027
The Federal Reserve (Fed) has announced changes to its 2027 Federal Open Market Committee (FOMC) meeting schedule.
According to the Fed, the meeting scheduled for October 26–27, 2027, will be dedicated to a comprehensive review of its monetary policy strategy. No vote on interest rates will take place, and no monetary policy decision will be announced during the meeting. As a result, the Fed will announce interest rate decisions at seven of its eight scheduled meetings in 2027.
Under the revised calendar, the FOMC will meet in January, March, April, June, July, September, October, and November 2027. At all meetings except October's, monetary policy decisions will be announced on the second day, in line with standard practice. Fed Chair Kevin Warsh had announced at a press conference the previous month that one of the annual meetings would be dedicated to the central bank's broader monetary policy strategy. The new arrangement aims to allow the Fed to assess its long-term monetary policy approach independently of interest rate decisions.