✍️ Blog › 📈 Finance & stocks › Fed decision, Oct 28, 2026
Fed day in one minute: what time, and what to watch
By The Trends Incoming team · Published 2026-10-28
Rate day is here. Here's what to know before 2 p.m. ET.
What it is
| Decision | Wed Oct 28, 2 p.m. ET (18:00 GMT) |
|---|---|
| Press conference | 2:30 p.m. ET, Chairman Kevin Warsh |
| Current range | 3.75% to 4% |
| Market odds | About 90% for a hold (CNBC) |
Why it's trending
It's the middle of the busiest week of earnings season: Alphabet and Microsoft report after today's close and Amazon on Thursday. Stocks rose Tuesday, with the Nasdaq up 1.18%, per CNBC. The meeting times come from the Fed's own calendar.
Where to follow it
Follow #Fed and #FOMC, and read the statement on federalreserve.gov when it posts. Our Fed decision guide and Big Tech earnings week have the details. Not financial advice.
Quick answers
What time is the Fed decision today?
2 p.m. ET (18:00 GMT) on Wednesday, October 28, 2026, with Chairman Kevin Warsh's press conference at 2:30 p.m. ET.
What is the current federal funds rate?
A target range of 3.75% to 4%, per CNBC.
Is the Fed expected to cut rates in October 2026?
Futures priced about a 90% chance of a hold this week, CNBC reported. The Fed's statement at 2 p.m. ET is the only answer that counts.
Follow it
Sources
- Federal Reserve: October 2026 calendar (FOMC Oct 27 to 28, statement 2 p.m., press conference 2:30 p.m.)
- CNBC: stock market Monday, Oct 26 (rate expectations)
- CNBC: stock market Tuesday, Oct 27
By The Trends Incoming team · Fact-checked 2026-10-31. Dates change, so double-check with the official source.