Fed Meeting Date: Here's When FOMC's Rate Decision Will Be Announced, And What You Should Expect

The Federal Open Market Committee (FOMC) will review the latest economic data on Tuesday and Wednesday to determine whether an interest rate cut is needed.

While the two-day meeting of the Federal Reserve is already underway, the outcome is scheduled to be announced on Wednesday at 2 p.m. ET. Markets widely expect the central bank to cut interest rates by 25 basis points. The CME FedWatch tool indicates a 96.1% probability of a 25-basis-point rate cut.

President Donald Trump has called on the Fed and its Chair, Jerome Powell, to cut interest rates over the past few months. While the central bank has resisted growing pressure from the President and others in the Trump administration, including Treasury Secretary Scott Bessent, that could change in September.

Analysts at Morgan Stanley expect four interest rate cuts between September and January. The firm stated in a recent note that the central bank will aim to achieve neutral policy rates “more decisively” before pausing to assess the impact of its rate cuts.

Boosting the hopes of a rate cut during the September meeting is a weak labor market and soft inflation – the consumer price index (CPI) rose 2.9% annually in August, in line with Wall Street expectations. Weekly jobless claims, on the other hand, rose to their highest levels in almost four years, surpassing estimates.

On Tuesday, President Trump said that while the Fed should be independent, it should listen to “smart people” like him. “If you look, all the economists got it wrong, I got it right along with some other people out of a hundred. So they should listen to people that are smart, there’s nothing wrong with that, but they have to make their own choice. But they should listen,” Trump told reporters at the White House.

Meanwhile, U.S. equities declined in Tuesday’s midday trade. At the time of writing, the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 index, was down 0.17%, while the Invesco QQQ Trust (QQQ) fell 0.11%. Retail sentiment around the S&P 500 ETF on Stocktwits was in the ‘bullish’ territory.

The iShares 7-10 Year Treasury Bond ETF (IEF) was up 0.1% at the time of writing.

Also See: Trump Says Fed Should Be Independent, But Adds It ‘Should Listen To Smart People Like Me’

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