What time is the fomc meeting today

On Wednesday, October 28, 2026, the Federal Open Market Committee (FOMC) is scheduled to conclude its two-day policy meeting. Financial markets are closely monitoring the proceedings, with the official policy statement and the committee's decision on interest rates expected to be released at 2:00 PM ET. Following the release of the statement, Federal Reserve Chair Jerome Powell is set to hold a press conference at 2:30 PM ET to provide further context on the committee's economic outlook and the rationale behind the current monetary policy stance. This meeting is particularly significant as analysts look for signals regarding the central bank's trajectory for interest rates heading into the final quarter of the year. Investors are analyzing recent inflation data and labor market reports to gauge whether the committee will maintain its current target range or adjust its approach to ensure price stability and maximum employment. The outcome of today's meeting is anticipated to drive market volatility as traders adjust their expectations for future economic conditions and potential shifts in the federal funds rate.