Investors, savers and consumers can expect another interest rate hike at the next Fed meeting. This article will discuss, "When Is The Next Fed Meeting Date? 2023 Fed Meetings Calendar." Let's get started.
2023 Fed Meetings Calendar
January 31 to February 1
March 21 to 22
May 2 to 3
June 13 to 14
July 25 to 26
September 19 to 20
October 31 to November 1
December 12 to 13
The FOMC meeting calendar shows that the committee meets eight times a year. These meetings last two days, and conclude with the FOMC releasing its policy decision at 2 pm Eastern time. The Fed chief then holds a press conference at 2:30 pm (Pro tip: market players typically pay even more attention to what the Fed chair says during the press conference, as closely examined as the Fed statement could be.)
When Is The Next Fed Meeting Date?
As for the next Fed meeting, it begins on March 21 and will end with a policy statement on March 22 at 2 pm Eastern.
What To Expect?
Heading into the next Fed meeting, the market expects Fed Chief Jerome Powell and the rest of the FOMC to raise the benchmark federal funds rate by 25 basis points(opens in new tab) points, or 0.25%, to a target range of 4.75% to 5.0% – up from the current target of 4.50% to 4.75%.
That would be a repeat of the Fed's February rate hike of 0.25%, which represented a slowdown from the Fed's December increase of 0.50%. Prior to the December Fed meeting, the FOMC raised short-term rates at an unprecedented pace, hiking by 75 basis points for four consecutive meetings.
When Is The Next Fed Meeting Date? 2023 Fed Meetings Calendar - Hopefully, this article can help you to get some knowledge.
