FOMC Meeting Schedule (Tentative) for 2016

Earlier today, The Federal Open Market Committee (FOMC) released its tentative monetary policy meeting schedule for 2016. The FOMC doesn't always stick to the exact dates on the schedule (hence tentative), but they do always meet at least eight times per calendar year.

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 Fed Funds Target Rate, and when the Fed Funds Target Rate changes, the U.S. Prime Rate (also known as the Fed, national or WSJ Prime Rate) will also change (how the US Prime Rate works).

Here's the tentative schedule for 2016:

• January 27, 2016

• March 16, 2016
  (+ Press Conference + Economic Projections)

• April 27, 2016

• June 15, 2016
  (+ Press Conference + Economic Projections)

• July 27, 2016

• September 21, 2016
  (+ Press Conference + Economic Projections)

• November 2, 2016

• December 14, 2016
  (+ Press Conference + Economic Projections)

• February 1, 2017