Complete Guide to the 2023 Federal Reserve FOMC Meeting Schedule

Want to grasp the market trends in 2023? The Federal Reserve’s rate hike schedule is definitely an essential calendar for traders. There are a total of 8 FOMC meetings throughout the year, 4 of which include economic outlook reports—these moments often trigger significant market volatility.

Three Key Moments in the First Half of the Year

The first meeting of the year is scheduled for January 31 to February 1, where the Federal Reserve will announce its interest rate decision—this sets the tone for the year’s policy direction. The second meeting, scheduled for March 21 to 22, will be larger in scale, not only including a rate decision but also releasing an economic outlook report—meaning greater market fluctuations.

The third meeting takes place mid-year on May 2 to 3, and the fourth meeting on June 13 to 14 will also feature economic outlooks, often becoming the most closely watched policy shift points in the first half of the year.

Policy Variables in the Second Half of the Year

The late July meeting on July 25 to 26 marks the start of the second half of the year. Following that, the meeting on September 19 to 20 will be highly anticipated because it includes an economic outlook—often a key period for market re-pricing.

In late October, the meetings on October 31 to November 1 and the final meeting of the year on December 12 to 13 will take place. The December meeting is the most significant, as it will publish the latest economic outlook and provide forward guidance for the new year, directly impacting global asset allocation.

The Rhythm Traders Must Know

Meetings with economic outlook reports (March, June, September, December) tend to trigger more intense market reactions. It is recommended to increase risk awareness around these dates, closely monitor the language changes in each decision—shifts from “hawkish” to “dovish” can reshape market expectations.

Add the 2023 Federal Reserve meeting schedule to your trading calendar, lock in these eight key windows in advance, and seize opportunities amid volatility.