🇺🇸

Federal Reserve

USD · Official Website

Latest Statement

⚖️ Neutral

2026-04-29

The Federal Reserve's recent FOMC minutes indicate that while inflation expectations have risen in the short term, longer-term expectations remain stable near the 2% target. Market participants anticipate little change in the federal funds rate this year, with potential rate cuts expected later in 2026 and early 2027.

The conflict in the Middle East continues to influence asset prices, with equity markets recovering and Treasury yields rising.
Near-term inflation expectations have increased, but longer-term expectations are well anchored to the Fed's 2% target.
Market expectations suggest minimal changes to the federal funds rate this year, with a 30% probability of a rate hike by early 2027.
Rate cuts are now expected to occur later than previously anticipated, likely in late 2026 or early 2027.

Bank Profile

Mandate

Dual mandate: maximum employment and price stability (2% PCE inflation)

Decision Types

Federal funds rate target range, Quantitative easing/tightening, Forward guidance

Policy Instruments

Open market operations, Discount window, Reserve requirements, Interest on reserves

Target Indicators

PCE inflation (2%), Unemployment rate, GDP growth, Core PCE

Communication Style

Data-dependent, measured, forward guidance focused with dot plot projections

Committee

Federal Open Market Committee (FOMC) - 12 voting members

Economic Indicators

Policy Rate	3.62%
EUR/USD	1.1525
GDP Growth	1.8%
M2 Growth	-1.2%
10Y Yield	4.50%
2y10y Spread	+0.49%
Credit Spread	0.51%

HISTORICAL TRENDS

Policy Rate

FX Rate

CPI

GDP

10Y Yield

2Y-10Y Spread

Stance

Key Commodities

Top traded commodities for United States

Commodity	Price	1D	30D
WTI Crude Oil	112.25 USD/barrel	+3.0%	-1.5%
Natural Gas (Henry Hub)	3.07 USD/MMBtu	+6.2%	+1.0%
Copper	12,528.71 USD/mt	-3.3%	+51.4%

Recent Statements

Federal Reserve Board - Federal Reserve issues FOMC statement ⚖️ Neutral

2026-04-29

⚡ Rate

↑0 ↓0 →1

📝 Classified Sentences

⚡ Rate Holdmp_interest_rate

"In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 3.5 to 3.75 percent."

The Fed - Monetary Policy ⚖️ Neutral

2026-03-18

Federal Reserve Board - Federal Reserve issues FOMC statement 🕊️ Dovish

2026-03-18

⚡ Rate

↑0 ↓0 →1

🗣 Dissent

↑0 ↓1

📝 Classified Sentences

🗣 Dissent Dovishmp_interest_rate

"Voting against this action was Stephen I. Miran, who preferred to lower the target range for the federal funds rate by 1/4 percentage point at this meeting."

⚡ Rate Holdmp_interest_rate

"In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 3.5 to 3.75 percent."

The Fed - Monetary Policy ⚖️ Neutral

2026-01-28

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