The Federal Reserve's interest rate decision sets US borrowing costs and is the single biggest driver of the US dollar.
Actual
5.5%
Forecast
5.5%
Previous
5.5%
Fed Interest Rate Decision (FOMC) for September 20, 2023 came in at 5.5% versus 5.5% expected (previous 5.5%), in line with forecast.
What it meant for the USD
The actual landed in line with the 5.5% forecast. A reading above forecast is generally bullish for the USD, and below forecast bearish.
New to this release? See what Fed Interest Rate Decision (FOMC) measures, the next release and its full history.