The Federal Open Market Committee meets Oct. 27–28 and issues its statement Oct. 28 at 2 p.m. ET, followed by Chairman Kevin Warsh's press conference at 2:30 p.m. ET. The target range is 3.75% to 4% after a September increase. The Bureau of Economic Analysis publishes third-quarter GDP and September PCE inflation data Oct. 29 at 8:30 a.m. ET.
When is the Fed meeting, and when are GDP and PCE released?
All times ET.
Oct. 27–28: Fed policy meeting (FOMC) (Federal Reserve, FOMC calendars).
Oct. 29, 8:30 a.m.: first estimate of third-quarter GDP, and personal income and spending for September, which includes the PCE price index (BEA release schedule).
Oct. 29, 8:30 a.m.: weekly jobless claims (Labor Department).
Oct. 30, 8:30 a.m.: third-quarter Employment Cost Index (BLS).
Nov. 6, 8:30 a.m.: October jobs report (BLS).
Nov. 10, 8:30 a.m.: October consumer price index (BLS).
At its Sept. 15–16 meeting the committee raised its benchmark rate range by a quarter point, from 3.50%–3.75% to 3.75%–4%, the first increase in an FOMC statement since July 26, 2023. The statement said "Inflation remains elevated" (FOMC statement, Sept. 16, 2026). To see what idle cash in your accounts could do as rates change, put excess cash to work deliberately with Silvia.
What did the last official readings show?
GDP: second-quarter growth was a 2.2% annual rate, 0.7 percentage point above the second estimate, the BEA said on Sept. 30.
PCE: in August, the PCE price index rose 0.3% from July and 3.4% from a year earlier (BEA). Excluding food and energy, it rose 0.2% on the month and 3.0% on the year.
CPI: September CPI rose 0.6% after 0.4% in August, and 3.7% over 12 months, up from 3.4%. The BLS said gasoline, up 9.1% on the month, accounted for over half of the September increase.
ECI: civilian pay and benefits rose 0.9% in the second quarter and 3.4% over 12 months.
Jobs: first-time jobless claims were 194,000 in the week ended Oct. 17. The unemployment rate was 4.2% in September and 4.1% in August; the BLS said it "changed little."
Sources: Federal Reserve, FOMC calendars, Sept. 16, 2026, statement and Board members; BEA, release schedule, Q2 2026 GDP third estimate and Personal Income and Outlays, August 2026; BLS, CPI, September 2026, ECI, June 2026, Employment Situation, September 2026 and release schedule; Labor Department, weekly claims, Oct. 22, 2026.
Silvia News is for information only and is not investment advice.
