Fed’s 2027 calendar moves the last rate decision to November

The Federal Reserve has moved its last scheduled interest-rate decision of 2027 from December to November. The central bank still plans to meet in late October, but it has set aside those two days to discuss how it makes monetary policy. Under the revised calendar the Fed released Nov. 12, seven meetings are scheduled to produce a rate decision in 2027.

The original calendar, published in September 2025, had eight regular meetings. The revised schedule keeps the first six date pairs. Oct. 26 and 27 stay on the calendar as a strategy meeting. Nov. 16 and 17 replace the Dec. 7 and 8 meeting, moving the final scheduled decision 21 days earlier, to Nov. 17. There is no December meeting on the revised schedule.

The 2027 dates to put on your calendar

The second day of each regular meeting is the scheduled decision day. At those meetings the Fed normally issues its statement at 2 p.m. Eastern, 11 a.m. Pacific, and the chair holds a news conference 30 minutes later. Here are the two-day dates, all subject to confirmation at the previous meeting.

The next regular meeting on the tentative calendar is Jan. 25 and 26, 2028. That puts 70 days between the scheduled November and January decisions, compared with 49 days between the decision dates in the original December-to-January schedule. The Fed’s running calendar also posts statements, minutes and any unscheduled meetings.

What the Fed plans to discuss in October

Fed Chair Kevin Warsh previewed the change in his Oct. 28 news conference. He said the committee would use one meeting in 2027 to discuss broad strategy and that he expected neither a federal funds rate vote nor a policy statement at that meeting. Thursday’s release put that discussion on Oct. 26 and 27. Warsh also described plans for two strategy meetings in 2028, whose dates were outside Thursday’s 2027 revision.

At regular meetings, the Federal Open Market Committee decides the target range for the federal funds rate. The October discussion is about the approach the committee uses to make those decisions. A date on the revised calendar tells readers when to expect a decision under the Fed’s current plan. It gives no indication of which way rates will go or whether officials will hold them steady.

What the calendar means for borrowers

For a credit card with a variable annual percentage rate, the cardholder agreement spells out which index the issuer uses and how the rate can change. Some cards use the prime rate. Banks determine their own prime rates, which often move after a Fed decision. The agreement governs when a change reaches the card account.

Adjustable-rate mortgages follow a separate timetable. The Consumer Financial Protection Bureau says the lender adds a set margin to the loan’s index after the initial rate period. The loan documents specify when the adjustment occurs and any caps. For an existing fixed-rate mortgage, the rate in the loan contract stays fixed. If you are comparing new offers, check when a lender’s quote or rate lock expires. That date and the terms of the offer determine how long the quoted rate is available.