Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure . What time is this week's Fed meeting? The Fed is scheduled to meet again on July 28-29. Here's what you can expect. Ivana Pino Senior Writer Updated Mon, July 27, 2026 at 3:00 AM PDT 3 min read The Federal Open Market Committee (FOMC) is meeting this week. During these meetings, the committee assesses the health of the economy and potentially adjusts the federal funds rate . Read on to learn more about the timeline for this meeting, what it involves, and expected outcomes. When is the next Fed meeting? The latest FOMC meeting takes place on July 28-29, 2026. This is its fifth scheduled meeting of the year. Once the meeting concludes, the FOMC will release its policy decisions on Wednesday at 2 p.m. Eastern time. Then the Fed chairman will hold a news conference at 2:30 p.m. The live news conferences, held by the Federal Reserve chairman, are livestreamed and recorded. Additionally, the minutes of regularly scheduled meetings are released three weeks after the date of the policy decision. Knowing when the Fed meets to discuss monetary policy and tuning into those meetings can help you gain a better understanding of how the economy is doing and help you make more informed decisions about your personal finances. Read more: What Kevin Warsh's appointment as Fed chair could mean for consumers What will happen at the next Fed meeting? The Fed is expected to hold the federal funds rate steady. However, the CME Group's FedWatch tool predicts about a 36% chance of a rate increase due to ongoing inflationary pressure. Following its last meeting, when it held rates steady, the Fed stated , "The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve's dual mandate. The Committee reaffirmed its policy of maintaining ample reserves in the banking system. Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East. Productivity growth and capital investment are strong. Job gains have kept pace with the workforce, and the unemployment rate has changed little." That said, it's impossible to predict with certainty when the Fed will make changes to the federal funds rate and by how much. But it's a good idea to be prepared. Ahead of future Fed meetings and possible rate increases consider taking the following steps to shore up your finances: Prioritize paying down variable-rate debt. Credit cards and other variable-rate debt will likely see increased APRs following a Fed rate hike. That's why your top prioritiy should be paying down high-interest balances now. For example, consider consolidating high-interest credit card debt with a 0% balance-transfer offer or lower-rate consolidation loan . Lock in a low fixed rate now. The good news is that if rates...
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