Forward guidance

Definition

The Fed telling the public where interest rates are likely headed.

The story

Sometimes the Fed hints at its next move to avoid surprising anyone. Sometimes it deliberately says nothing. After its Oct 28, 2026 meeting, the statement gave no guidance on future moves, which left markets to read every data release for clues instead.

Why markets watch it

A change in tone can move markets even when rates don't change.

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 →

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