US FOMC Meeting Minutes
It's a detailed record of the FOMC's most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates;
- History
| Expected Impact / Date | Description |
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| May 20, 2026 | |
| Apr 8, 2026 | |
| Feb 18, 2026 | |
| Dec 30, 2025 | |
| Nov 19, 2025 | |
| Oct 8, 2025 | |
| Aug 20, 2025 | |
| Jul 9, 2025 | |
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- US FOMC Meeting Minutes News
From economics.bmo.com|May 23, 2026|1 commentThe FOMC Minutes from the April meeting fired a warning shot across the bow for bond investors and Fed Chair Kevin Warsh. Inflation concerns had already moved to center stage for many participants as early as April, according to the Minutes. Participants “generally” judged that elevated inflation could require keeping the fed funds rate unchanged longer than they had previously anticipated. A “majority” of participants highlighted that “some policy firming would likely become appropriate if inflation were to continue to run ...
From moneycheck.com|May 21, 2026|1 commentPrecious metal prices experienced downward pressure during Thursday’s Asian session following the release of Federal Reserve policy meeting minutes that indicated potential interest rate increases. The decline occurred against a backdrop of ongoing geopolitical tensions in the Middle East. Spot gold decreased 0.4% to reach $4,526.48 per ounce. Gold futures contracts similarly retreated 0.4% to trade near equivalent levels. The readout from the central bank’s late-April gathering indicated a substantial majority of committee members ...
From morningstar.com|May 21, 2026|7 commentsFederal Reserve officials showed growing support at their April meeting for taking the first step toward a possible interest-rate hike, according to minutes of the meeting released Wednesday. Policymakers said that high energy prices and tariffs were continuing to put upward pressure on overall inflation. "The vast majority of participants noted the increased risk that inflation would take longer to return to the Fed's 2% objective than they had previously expected," the minutes read. In April, the Fed left rates unchanged, in a ...
From cnbc.com|May 20, 2026|3 commentsA majority of Federal Reserve officials at their most recent meeting anticipated that interest rate increases would be necessary if the Iran war continued to aggravate inflation, according to minutes released Wednesday. Though the rate-setting Federal Open Market Committee again voted to keep its benchmark rate targeted between 3.5%-3.75%, the meeting featured four “no” votes, the most since 1992, and an apparently heightened level of disagreement about where policy should go. At issue was the impact that the Iran war would have on ...
From federalreserve.gov|May 20, 2026|21 commentsThe manager turned first to an overview of market developments during the intermeeting period. The conflict in the Middle East had continued to be a key factor driving asset price movements. Equity prices had more than reversed their earlier declines, while 2-year and 10-year Treasury yields rose a bit further over the intermeeting period, as did near-term inflation compensation. In foreign exchange markets, the U.S. dollar retraced some of its previous appreciation. The manager observed that the crude oil futures curve was higher than the curve prevailing at the time of the March FOMC meeting. The curve remained steeply downward sloping, consistent with investor expectations of oil prices falling considerably in coming months. The manager noted, however, that the curve's forecasting record was mixed. Next, the manager discussed the recent behavior of inflation expectations. Near-term inflation expectations, as reported in the Open Market Desk Survey of Market Expectations (Desk survey), had again moved up, though expectations for 2027 and beyond were little changed. The survey results and market-based measures of inflation compensation pointed to longer-term expectations remaining well anchored near the Committee's 2 percent longer-run inflation objective. On monetary policy expectations, the manager noted that market-implied expectations still indicated that market participants anticipated little change this year in the target range for the federal funds rate, and options prices implied around a 30 percent probability of a rate hike by the first quarter of 2027. In the Desk survey, the median of the modal paths continued to show two 25 basis point rate reductions over the next year, but respondents now expected them to occur later than in the previous survey, with rate cuts expected in the third or fourth quarter of 2026 and the first quarter of 2027. Nominal Treasury yields had risen modestly further over the intermeeting period. A model-based decomposition of changes suggested that the increase in the two-year nominal yield since the start of the conflict in the Middle East reflected a sizable increase in expected inflation, offset to some degree by a decline in the expected real interest rate, a combination consistent with the realization of an adverse supply shock. A decomposition of the 10-year yield suggested a much smaller increase in expected inflation, alongside an increase in risk premiums. Liquidity conditions in Treasury securities markets had remained favorable even at times of increased volatility. The manager next considered equity market developments. Perceived de-escalation in the Middle East conflict boosted risk sentiment over the intermeeting period, but equity price increases had also been underpinned by strong earnings expectations. After underperforming earlier in 2026, technology-sector stocks recorded the strongest price gains over the period. *FED: MANY PREFERRED REMOVING EASING BIAS FROM STATEMENT *FED: MAJORITY SAW HIKE LIKELY WARRANTED IF INFLATION PERSISTS *FED: SOME WERE CONCERNED INFLATION EXPECTATIONS COULD DE-ANCHOR FED MINUTES: OFFICIALS GENERALLY JUDGED RATE PAUSE WILL EXTEND LONGER THAN PREVIOUSLY THOUGHT Fed Minutes: Several participants indicated rate cuts would be warranted later this year in a scenario in which conflict was resolved soon, and inflation pressures dissipated. Fed Minutes: Some participants were concerned about a scenario in which elevated energy prices and tariffs could result in inflation pressures becoming embedded more broadly.
From zerohedge.com|May 20, 2026Today's FOMC minutes, released at 2pm ET, will be closely watched for further details surrounding the increasingly hawkish split within the Committee following the April meeting, Jerome Powell's last as Fed Chair. With three voters dissenting against retaining the easing bias - and Fedʼs Collins later suggesting she would have supported removing it too - markets will look to see how broad support was for removing the easing bias, particularly after Powell said more officials now view a hike just as likely as a cut, according to ...
From youtube.com/forexcom|May 20, 2026|1 commentRisk appetite is recovering on reports that 3 tankers crossed the Strait of Hormuz, but traders remain hesitant to commit ahead of the FOMC minutes and Nvidia (NVDA) earnings later today. FOREX.com's Global Head of Research Matt Weller breaks down the key news you need to know ahead of the US Open, as well as taking a look at today’s chart of the day, the Nasdaq 100.
From ca.finance.yahoo.com|Apr 8, 2026|7 commentsThe number of Federal Reserve policymakers willing to consider an interest rate hike this year rose between the January and March meetings, as higher gas prices stemming from the Iran war threatened to worsen inflation in the coming months. Minutes of the Fed's March 17-18 meeting, released Wednesday, showed that “some” of the central bank's 19 policymakers on its rate-setting committee supported changing their post-meeting statement to reflect the potential for a future rate hike. That is an an increase from “several” in January. ...
| Released on May 20, 2026 |
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| Released on Apr 8, 2026 |
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