Fed's Critical Meeting and Interest Rate Calendar Change Step for 2027

The US Federal Reserve (Fed) is preparing to make a change in the operation of monetary policy meetings starting in 2027, deciding not to hold interest rate votes in certain sessions.

According to the plan announced by US Federal Reserve (Fed) Chair Kevin Warsh, one of the eight meetings to be held in 2027 will be dedicated to evaluating the long-term monetary policy strategy. In this special meeting, no interest rate vote will be held and the usual monetary policy decision statement will not be published. In addition, the Fed is projected to hold two meetings for this purpose in 2028.

At the Fed's meeting on October 28, the policy rate was kept steady in the range of 3.75 to 4.00 percent, with the decision taken by a 10-2 vote. In the vote, Lisa Cook and Beth Hammack expressed views in favor of raising the policy rate by 25 basis points. Following this interest rate decision, it drew attention that the US 10-year Treasury yield rose to 5.02 percent.