Forex Fundamentals
Fed Interest Rate Decision (FOMC)

Fed Interest Rate Decision (FOMC) 18 September 2024

Fed Interest Rate Decision (FOMC) 18 September 2024: 5%, below the 5.25% forecast and down from 5.5% in June 2024. It is the lowest reading since March 2023. 1 of the last 12 releases came in below the forecast. It was released on Wed 18 Sep 2024 at 18:00 UTC (2:00 PM ET).

These figures were verified on 4 Oct 2026 from the source: Federal Reserve. This page reports the release as published: the figures, the consensus forecast and what a print like it usually does to the currency.

Actual
5%
Forecast
5.25%
The market consensus
Previous
5.5%
As the source gives it

What a print like this usually does

Below the forecast: A cut or more dovish-than-expected decision usually weakens the dollar as expected US yields fall.

Fed Interest Rate Decision (FOMC) 18 September 2024: 5% against a 5.25% forecast, with the last 12 releases
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Cite this release

If you cite this release, please link to this page:

Fed Interest Rate Decision (FOMC) 18 September 2024: 5% vs 5.25% forecast (Federal Reserve). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/fomc/2024-09-18

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
18 Sep 2024—5%5.25%5.5%
12 Jun 2024—5.5%5.5%5.5%
1 May 2024—5.5%5.5%5.5%
20 Mar 2024—5.5%5.5%5.5%
31 Jan 2024—5.5%5.5%5.5%
13 Dec 2023—5.5%5.5%5.5%
1 Nov 2023—5.5%5.5%5.5%
20 Sep 2023—5.5%5.5%5.5%
26 Jul 2023—5.5%5.5%5.25%
14 Jun 2023—5.25%5.25%5.25%
3 May 2023—5.25%5.25%5%
22 Mar 2023—5.0%5.0%4.75%
The release before:Fed Interest Rate Decision (FOMC) 12 June 2024The release after:Fed Interest Rate Decision (FOMC) 7 November 2024Fed Interest Rate Decision (FOMC): every recent resultThis week’s economic calendar