When Is the Next Fed Rate Decision? December 9, 2026, 22:00 Istanbul Time
Last updated: Source: Federal Reserve (federalreserve.gov)
The next FOMC meeting runs December 8–December 9; the rate decision is released on December 9, 2026 at 22:00 Istanbul time and the Chair’s press conference starts at 22:30.
At its meeting on October 28, 2026, the Fed held the federal funds rate target range at 3.75%–4.00%.
- Target range
- 3.75%–4.00%
- Last change
- +25 bp
- September 16, 2026
- Next decision (Istanbul)
- Dec 9 22:00
- in 37 days
- Economic projections
- Yes (SEP)
Market expectation
No market forecast is in the economic calendar for this meeting yet; it appears in the calendar during the decision week.
2026 FOMC Meeting Calendar
| Meeting | Decision (Istanbul) | Status | Decision |
|---|---|---|---|
| 27–January 28, 2026 | 22:00 | Announced | 3.50%–3.75% · Unchanged |
| 17–March 18, 2026 * | 21:00 | Announced | 3.50%–3.75% · Unchanged |
| 28–April 29, 2026 | 21:00 | Announced | 3.50%–3.75% · Unchanged |
| 16–June 17, 2026 * | 21:00 | Announced | 3.50%–3.75% · Unchanged |
| 28–July 29, 2026 | 21:00 | Announced | 3.50%–3.75% · Unchanged |
| 15–September 16, 2026 * | 21:00 | Announced | 3.75%–4.00% · +25 bp |
| 27–October 28, 2026 | 21:00 | Announced | 3.75%–4.00% · Unchanged |
| 8–December 9, 2026 * | 22:00 | Upcoming | — |
2027 FOMC Meeting Calendar
| Meeting | Decision (Istanbul) | Status | Decision |
|---|---|---|---|
| 26–January 27, 2027 | 22:00 | Upcoming | — |
| 16–March 17, 2027 * | 21:00 | Upcoming | — |
| 27–April 28, 2027 | 21:00 | Upcoming | — |
| 8–June 9, 2027 * | 21:00 | Upcoming | — |
| 27–July 28, 2027 | 21:00 | Upcoming | — |
| 14–September 15, 2027 * | 21:00 | Upcoming | — |
| 26–October 27, 2027 | 21:00 | Upcoming | — |
| 7–December 8, 2027 * | 22:00 | Upcoming | — |
Recent Fed Rate Decisions
| Decision date | Target range | Change |
|---|---|---|
| October 28, 2026 | 3.75%–4.00% | Unchanged |
| September 16, 2026 | 3.75%–4.00% | +25 bp |
| July 29, 2026 | 3.50%–3.75% | Unchanged |
| June 17, 2026 | 3.50%–3.75% | Unchanged |
| April 29, 2026 | 3.50%–3.75% | Unchanged |
| March 18, 2026 | 3.50%–3.75% | Unchanged |
| January 28, 2026 | 3.50%–3.75% | Unchanged |
| December 10, 2025 | 3.50%–3.75% | −25 bp |
| October 29, 2025 | 3.75%–4.00% | −25 bp |
| September 17, 2025 | 4.00%–4.25% | −25 bp |
| July 30, 2025 | 4.25%–4.50% | Unchanged |
| June 18, 2025 | 4.25%–4.50% | Unchanged |
Source: Federal Reserve FOMC meeting calendar (updated automatically; last checked Nov 2, 2026, 08:03)
Source: Federal Reserve policy rate changes (updated automatically; last checked Nov 2, 2026, 08:03)
Related Pages
About the Fed Rate Decision
The federal funds rate is the rate US banks charge each other for overnight loans; the Fed sets a target range for it. The FOMC meets eight times a year. This page lists the FOMC meeting calendar, the Istanbul-time release of each decision, recent decisions and, during the decision week, the market forecast from the economic calendar.
Frequently Asked Questions
When is the next Fed rate decision?
The next FOMC decision is released on December 9, 2026 at 14:00 New York time, 22:00 Istanbul time.
How many Fed meetings are left in 2026?
As of November 2, 2026, 1 FOMC meetings are left in 2026: 8–December 9, 2026. Decisions are announced on the second day of each meeting.
What time is the Fed decision in Istanbul time?
The FOMC decision is released at 14:00 New York time. During US daylight saving time (March to November) that is 21:00 in Istanbul; otherwise it is 22:00. The press conference starts half an hour later.
What is the Fed rate now?
The federal funds rate target range is 3.75%–4.00% as of the decision of October 28, 2026.
2026 FOMC meeting dates
FOMC meetings in 2026: 27–January 28, 2026, 17–March 18, 2026, 28–April 29, 2026, 16–June 17, 2026, 28–July 29, 2026, 15–September 16, 2026, 27–October 28, 2026, 8–December 9, 2026.
2027 FOMC meeting dates
FOMC meetings in 2027: 26–January 27, 2027, 16–March 17, 2027, 27–April 28, 2027, 8–June 9, 2027, 27–July 28, 2027, 14–September 15, 2027, 26–October 27, 2027, 7–December 8, 2027.
How does the Fed decision affect Turkish markets?
The Fed rate anchors dollar yields and global risk appetite. A hike usually strengthens the dollar and can trigger outflows from emerging markets; a cut tends to support the lira, Borsa Istanbul and Turkish eurobonds. The direction of the move depends on what the market expected.