Federal Open Market Committee (FOMC) Monetary Policy Meeting Schedule for 2027

👇: Here's the Federal Open Market Committee (FOMC) monetary policy meeting schedule for 2027.

Why is this schedule important to you?

Because it's at these monetary policy meetings that the FOMC votes on whether to raise, lower or make no changes to the target range for Fed Funds Target Rate, and when the Fed Funds Target Rate changes, the United States Prime Rate (also known as the Fed Prime Rate) will also change (click here to see how the United States Prime Rate works):

======👇2027👇======

• January 27, 2027
  
  
• March 17, 2027
  
  
• April 28, 2027
  
  
• June 9, 2027
  
  
• July 28, 2027
  
  
• September 15, 2027
  
  
• October 27, 2027
  
  
• December 8, 2027

• January 26, 2028

--> www.FedPrimeRate.com Privacy Policy <-- --> www.FedPrimeRate.com Privacy Policy -- BACKUP<-- CLICK HERE to JUMP to the TOP of THIS PAGE >  SITEMAP  <

Sixth FOMC Monetary Policy Meeting of 2025 Adjourned: United States Prime Rate Is Lowered to 7.25%

United States Prime Rate

The Federal Open Market Committee (FOMC) of the Federal Reserve System has just adjourned its sixth monetary policy meeting of 2025 and, in accordance with our latest forecast, has voted to lower the benchmark target range for the federal funds rate to 4.00% - 4.25%. Therefore, the United States Prime Rate (a.k.a the Fed Prime Rate) is now 7.25%.

NB: U.S. Prime Rate = (The Fed Funds Target Rate + 3)

Here's a clip from today's FOMC press release (note text in bold):

"...Recent indicators suggest that growth of economic activity moderated in the first half of the year. Job gains have slowed, and the unemployment rate has edged up but remains low. Inflation has moved up and remains somewhat elevated.

The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated. The Committee is attentive to the risks to both sides of its dual mandate and judges that downside risks to employment have risen.

In support of its goals and in light of the shift in the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4 to 4‑1/4 percent. In considering additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective.

In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy, as appropriate if risks emerge that could impede the attainment of the Committee's goals. The Committee's assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments.

Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michael S. Barr; Michelle W. Bowman; Susan M. Collins; Lisa D. Cook; Austan D. Goolsbee; Philip N. Jefferson; Alberto G. Musalem; Jeffrey R. Schmid; and Christopher J. Waller. Voting against this action was Stephen I. Miran, who preferred to lower the target range for the federal funds rate by 1/2 percentage point at this meeting..."

==========

==========

• Summary of Economic Projections

========== 

--> www.FedPrimeRate.com Privacy Policy <-- --> www.FedPrimeRate.com Privacy Policy -- BACKUP<-- CLICK HERE to JUMP to the TOP of THIS PAGE >  SITEMAP  <

Odds Now At 100% (CERTAIN) The U.S. Prime Rate Will Be Cut to 7.25% At the September 17, 2025 FOMC Monetary Policy Meeting

Prime Rate Prediction

Prime Rate Forecast

As of right now, our odds are at 100% (certain) the Federal Open Market Committee (FOMC) of the Federal Reserve will vote to lower the benchmark target range for the fed funds rate (TRFFR) by 25 basis points (BPS) to 4.00% - 4.25% at the September 17^TH, 2025 monetary policy meeting, which would lower the U.S. Prime Rate to 7.25%.

 =======

The Latest Jobs Data have
 Sealed the Rate-Cut Deal

 

• An estimated and tepid 22,000 nonfarm jobs were created during August, 2025, while the June, 2025 figure was revised to -13,000, the first negative reading since the beginning of the COVID-19 pandemic.
  
  
• Both month-on-month and year-on-year, job openings were negative according to the July, 2025 JOLTS report.
  
  
• Challenger, Gray & Christmas reported "...85,979 job cuts in August, up 39% from the 62,075 announced in July..."
  
  

  "...Employers announced plans to add 1,494 jobs in August, the lowest total for the month since Challenger began tracking hiring plans in 2009..."

• Year-on-year, the Core PCE Price Index, the Fed's preferred inflation measure, moved higher, from +2.8% for July, 2024, to +2.9% during July, 2025.
  
  
  • So the Fed will be cutting short-term rates while inflation remains untamed. Such drama!😌 
• One more reading on inflation before the September 17^TH, FOMC meeting: the Consumer Price Index, which will be released on September 11, 2025, 8:30 A.M., ET.
  
  
• Here's a communication from the White House, on tariffs. 

=======

Stay tuned...

=======

The United States Prime Rate was lowered to the current 7.50% on December 18, 2024.

=======

SUMMARY

• Current odds the U.S. Prime Rate will be cut to  7.25% at the September 17^TH, 2025 FOMC monetary policy meeting: 100% (certain.)

=========

--> www.FedPrimeRate.com Privacy Policy <-- --> www.FedPrimeRate.com Privacy Policy -- BACKUP<-- CLICK HERE to JUMP to the TOP of THIS PAGE >  SITEMAP  <

Odds Now At 80% (Likely) The U.S. Prime Rate Will Be Cut to 7.25% At the September 17, 2025 FOMC Monetary Policy Meeting

Prime Rate Prediction

Prime Rate Forecast

As of right now, our odds are at 80% (likely) the Federal Open Market Committee (FOMC) of the Federal Reserve will vote to lower the benchmark target range for the fed funds rate (TRFFR) by 25 basis points (BPS) to 4.00% - 4.25% at the September 17^TH, 2025 monetary policy meeting, which would lower the U.S. Prime Rate to 7.25%.

 =======

The Latest

 

• Markets tanked on Friday, in response to reciprocal tariffs. 😐
  
  
• According the Labor Department, an estimated 73,000 nonfarm jobs were created last month. This anemic number, along with the recent trend, has dramatically boosted odds that the Fed will cut short-term rates on September 17, 2025.
  
  

  

  Nonfarm Payrolls - JOBS - July 2023 THRU July 2025

  
  
• Year-on-year, the Core PCE Price Index, the Fed's preferred inflation gauge, moved sideways: +2.8% for both June, 2024 and June, 2025.
  

=======

Stay tuned...

=======

The United States Prime Rate was lowered to the current 7.50% on December 18, 2024.

=======

SUMMARY

• Current odds the U.S. Prime Rate will be cut to  7.25% at the September 17^TH, 2025 FOMC monetary policy meeting: 80% (likely.)

=========

--> www.FedPrimeRate.com Privacy Policy <-- --> www.FedPrimeRate.com Privacy Policy -- BACKUP<-- CLICK HERE to JUMP to the TOP of THIS PAGE >  SITEMAP  <

Fifth FOMC Monetary Policy Meeting of 2025 Adjourned: United States Prime Rate Holds At 7.50%

United States Prime Rate

The Federal Open Market Committee (FOMC) of the Federal Reserve System has just adjourned its fifth monetary policy meeting of 2025 and, in accordance with our latest forecast, has voted to leave the benchmark target range for the federal funds rate at 4.50% - 4.75% to 4.25% - 4.50%. Therefore, the United States Prime Rate (a.k.a the Fed Prime Rate) holds at 7.50%.

NB: U.S. Prime Rate = (The Fed Funds Target Rate + 3)

Here's a clip from today's FOMC press release (note text in bold):

"...Although swings in net exports continue to affect the data, recent indicators suggest that growth of economic activity moderated in the first half of the year. The unemployment rate remains low, and labor market conditions remain solid. Inflation remains somewhat elevated.

The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated. The Committee is attentive to the risks to both sides of its dual mandate.

In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent. In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective.

In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals. The Committee's assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments.

Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michael S. Barr; Susan M. Collins; Lisa D. Cook; Austan D. Goolsbee; Philip N. Jefferson; Alberto G. Musalem; and Jeffrey R. Schmid. Voting against this action were Michelle W. Bowman and Christopher J. Waller, who preferred to lower the target range for the federal funds rate by 1/4 percentage point at this meeting. Absent and not voting was Adriana D. Kugler..."

==========

 The United States Prime Rate was lowered to the current 7.50% on December 18, 2024.

==========

==========

--> www.FedPrimeRate.com Privacy Policy <-- --> www.FedPrimeRate.com Privacy Policy -- BACKUP<-- CLICK HERE to JUMP to the TOP of THIS PAGE >  SITEMAP  <

Odds Now At 90% (Likely) The U.S. Prime Rate Will Continue at 7.50% After the July 30, 2025 FOMC Monetary Policy Meeting

Prime Rate Prediction

Prime Rate Forecast

As of right now, our odds are at 90% (likely) the Federal Open Market Committee (FOMC) of the Federal Reserve will vote to leave the benchmark target range for the fed funds rate (TRFFR) at 4.25% - 4.50% at the July 30^TH, 2025 monetary policy meeting, leaving the U.S. Prime Rate at the current 7.50%.

 =======

The Data

 

• According to revised government estimates, the American economy shrank by 0.5% during the first quarter of 2025. 
  
  
• Year-on-year (y-o-y), the Core PCE Price Index, the Fed's preferred inflation gauge, came in at 2.7% for May, 2025.
  
  The previous y-o-y reading (April, 2025) was revised up, from 2.5% to 2.6%.
  
  
• Despite the threat of stagflation, equities finished the first week of summer 2025 with gains. Both the S&P 500 and NASDAQ Composite indexes closed at all-time highs. 

=======

Stay tuned...

=======

The United States Prime Rate was lowered to the current 7.50% on December 18, 2024.

=======

SUMMARY

• Current odds the U.S. Prime Rate will continue at the current 7.50% after the July 30^TH, 2025 FOMC monetary policy meeting: 90% (likely.)

=========

 

--> www.FedPrimeRate.com Privacy Policy <-- --> www.FedPrimeRate.com Privacy Policy -- BACKUP<-- CLICK HERE to JUMP to the TOP of THIS PAGE >  SITEMAP  <

Fourth FOMC Monetary Policy Meeting of 2025 Adjourned: United States Prime Rate Continues At 7.50%

United States Prime Rate

The Federal Open Market Committee (FOMC) of the Federal Reserve System has just adjourned its fourth monetary policy meeting of 2025 and, in accordance with our latest forecast, has voted to leave the benchmark target range for the federal funds rate at 4.50% - 4.75% to 4.25% - 4.50%. Therefore, the United States Prime Rate (a.k.a the Fed Prime Rate) holds at 7.50%.

NB: U.S. Prime Rate = (The Fed Funds Target Rate + 3)

Here's a clip from today's FOMC press release (note text in bold):

"...Although swings in net exports have affected the data, recent indicators suggest that economic activity has continued to expand at a solid pace. The unemployment rate remains low, and labor market conditions remain solid. Inflation remains somewhat elevated.

The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook has diminished but remains elevated. The Committee is attentive to the risks to both sides of its dual mandate.

In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent. In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective.

In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals. The Committee's assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments.

Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michael S. Barr; Michelle W. Bowman; Susan M. Collins; Lisa D. Cook; Austan D. Goolsbee; Philip N. Jefferson; Adriana D. Kugler; Alberto G. Musalem; Jeffrey R. Schmid; and Christopher J. Waller..."

==========

 The United States Prime Rate was lowered to the current 7.50% on December 18, 2024.

==========

==========

• Summary of Economic Projections

========== 

--> www.FedPrimeRate.com Privacy Policy <-- --> www.FedPrimeRate.com Privacy Policy -- BACKUP<-- CLICK HERE to JUMP to the TOP of THIS PAGE >  SITEMAP  <

Odds Now At 90% (Likely) The U.S. Prime Rate Will Continue at 7.50% After the June 18, 2025 FOMC Monetary Policy Meeting

Prime Rate Prediction

Prime Rate Forecast

As of right now, our odds are at 90% (likely) the Federal Open Market Committee (FOMC) of the Federal Reserve will vote to leave the benchmark target range for the fed funds rate (TRFFR) at 4.25% - 4.50% at the June 18^TH, 2025 monetary policy meeting, leaving the U.S. Prime Rate at the current 7.50%.

 =======

Here's a clip from prepared remarks by Fed Governor Dr. Adriana D. Kugler, at the International Economic Symposium, hosted by the Central Bank of Ireland, in Dublin:

"...While the latest data show a resilient economy, I expect growth this year to be slower than last. Labor market conditions have been mostly stable. Inflation remains above the Federal Open Market Committee's (FOMC) 2% target, and further progress on disinflation has been slow. Looking ahead, I am monitoring the effects of changing trade policies, as I see them as likely having a significant effect on the U.S. and global economies in the near future..."

=======

Stay tuned...

=======

The United States Prime Rate was lowered to the current 7.50% on December 18, 2024.

=======

SUMMARY

• Current odds the U.S. Prime Rate will continue at the current 7.50% after the June 18^TH, 2025 FOMC monetary policy meeting: 90% (likely.)

=========

--> www.FedPrimeRate.com Privacy Policy <-- --> www.FedPrimeRate.com Privacy Policy -- BACKUP<-- CLICK HERE to JUMP to the TOP of THIS PAGE >  SITEMAP  <

Third FOMC Monetary Policy Meeting of 2025 Adjourned: United States Prime Rate Remains At 7.50%

United States Prime Rate

The Federal Open Market Committee (FOMC) of the Federal Reserve System has just adjourned its third monetary policy meeting of 2025 and, in accordance with our latest forecast, has voted to leave the benchmark target range for the federal funds rate at 4.50% - 4.75% to 4.25% - 4.50%. Therefore, the United States Prime Rate (a.k.a the Fed Prime Rate) holds at 7.50%.

NB: U.S. Prime Rate = (The Fed Funds Target Rate + 3)

Here's a clip from today's FOMC press release (note text in bold):

"...Although swings in net exports have affected the data, recent indicators suggest that economic activity has continued to expand at a solid pace. The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid. Inflation remains somewhat elevated.

The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook has increased further. The Committee is attentive to the risks to both sides of its dual mandate and judges that the risks of higher unemployment and higher inflation have risen.

In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent. In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective.

In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals. The Committee's assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments.

Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michael S. Barr; Michelle W. Bowman; Susan M. Collins; Lisa D. Cook; Austan D. Goolsbee; Philip N. Jefferson; Neel Kashkari; Adriana D. Kugler; Alberto G. Musalem; and Christopher J. Waller. Neel Kashkari voted as an alternate member at this meeting..."

==========

 The United States Prime Rate was lowered to the current 7.50% on December 18, 2024.

==========

==========

--> www.FedPrimeRate.com Privacy Policy <-- --> www.FedPrimeRate.com Privacy Policy -- BACKUP<-- CLICK HERE to JUMP to the TOP of THIS PAGE >  SITEMAP  <

Odds Now At 95% (Very Likely) The U.S. Prime Rate Will Continue at 7.50% After the May 7, 2025 FOMC Monetary Policy Meeting

Prime Rate Prediction

Prime Rate Forecast

As of right now, our odds are at 95% (very likely) the Federal Open Market Committee (FOMC) of the Federal Reserve will vote to leave the benchmark target range for the fed funds rate (TRFFR) at 4.25% - 4.50% at the May 7^TH, 2025 monetary policy meeting, leaving the U.S. Prime Rate at the current 7.50%.

 =======

Here's a quote from Fed Chair Jerome Powell from his April 4th speech at the Economic Club of Chicago...

“The level of the tariff increases announced so far is significantly larger than anticipated. The same is likely to be true of the economic effects, which will include higher inflation and slower growth.”

=======

=======

Stay tuned...

=======

The United States Prime Rate was lowered to the current 7.50% on December 18, 2024.

=======

SUMMARY

• Current odds the U.S. Prime Rate will continue at the current 7.50% after the May 7^TH, 2025 FOMC monetary policy meeting: 95% (very likely.)

=========

--> www.FedPrimeRate.com Privacy Policy <-- --> www.FedPrimeRate.com Privacy Policy -- BACKUP<-- CLICK HERE to JUMP to the TOP of THIS PAGE >  SITEMAP  <