FOMC (Federal Open Market Committee)

Definition

The Fed committee that votes on interest rates, at eight scheduled meetings a year.

The story

On Oct 28, 2026, the committee voted to hold rates at 3.75% to 4.00%. Two members, Cook and Hammack, voted against it because they wanted another hike. The decision itself was expected; the split is what people talked about.

Why markets watch it

Its decision days are some of the biggest scheduled events on the market calendar.

IN HISTORICAL DATA

Latest Fed decisions: Wed, Oct 28, 2026 · As expected

Decision
Hold
S&P 500
+0.3%
Nasdaq
+0.3%
Gold
Spot $4,035.48/oz, down 0.60%

History, not a prediction. Every row lists its sources.

All Fed decisions →

See it in the story

How money works · Chapter 6The Fed steps inWhy does the Fed raise or cut rates?

Connects to

We explain why it moves markets. What you do with it is your call. Commentary and education only. Not financial advice. All terms