> Fed Interest Rate Decision January 2027: Jan 27 Time & Preview > Source: https://interestratedecision.com/fed/january-2027/ · Content last changed: 2026-10-25 > InterestRateDecision.com: free to quote with a link to the page above. Federal Reserve decides Wed, Jan 27 at 2:00 PM EST. Rate now —. Time in New York, London and your zone, what is expected, and the EUR/USD levels to watch. # Fed Interest Rate Decision, January 2027 The FOMC announces on Wednesday, January 27, 2027 at 2:00 PM EST. There is no consensus figure yet. When**Wed, Jan 27 · 2:00 PM EST**in 85d 8h Rate now**—**federal funds rate Expected**No consensus yet**consensus not published yet Press conference**2:30 PM EST**no projections this time [Cut **1%** Hold **58%** Hike **41%**](https://interestratedecision.com/fed/rate-odds/) Figures as of Nov 3, 2026, 10:15 AM UTC. The time ## When is the Fed decision? New York Wed, Jan 27 · 2:00 PM EST London Wed, Jan 27 · 7:00 PM London Tokyo Thu, Jan 28 · 4:00 AM Tokyo UTC Wed, Jan 27 · 7:00 PM UTC Your time 7:00 PM UTC The expectation ## What is expected Consensus Not yet Previous — Reading No consensus yet In September the median official saw the rate at 4.1% at the end of 2026 (the range 4.00%–4.25%: one more hike), then 4.1% in 2027 and 3.9% in 2028, and 3.2% in the longer run. An expected move is already in the price: only the difference between the decision and the expectation tends to move it. The projection ## EUR/USD levels to watch before the Fed decision Drawn from real 15-minute candles: the nearest standing high and low, where stops rest. A: the spike runs the high, closes back, and the low is next. B: the mirror. Where to look, not a promise: some days one plays and some days neither does. Vote on which one plays: it is settled on the 15-minute candles of the 24 hours after the announcement. Last price 1.11872. Levels are as of the candle that closed Nov 3, 2026, 10:15 AM UTC UTC; they are not updated until the site is rebuilt, and the vote is settled on the map as it stands at the announcement. This is where to look, not advice. What price did before ## How the last Fed decisions moved EUR/USD Across 15 measured Fed decisions since January 2025, the first spike closed back inside the hour-before range within 60 minutes in 11 (73%), and in 10 of those price then took the other side within four hours. In the other 4 the first move held. Median move in the first 15 minutes: 25 pips. | Date | Decision | First side | Closed back | After 60 min | | --- | --- | --- | --- | --- | | [**Oct 28, 2026**](https://interestratedecision.com/fed/october-2026/) | ■ hold 3.75%–4.00% | ▼ 0.9 pips | 15 min | +13 pips | | [**Sep 16, 2026**](https://interestratedecision.com/fed/september-2026/) | ▲ hike 3.75%–4.00% | ▲ 7.7 pips | 5 min | −68 pips | | [**Jul 29, 2026**](https://interestratedecision.com/fed/july-2026/) | ■ hold 3.50%–3.75% | ▲ 52 pips | No | +56 pips | | [**Jun 17, 2026**](https://interestratedecision.com/fed/june-2026/) | ■ hold 3.50%–3.75% | ▼ 52 pips | No | −56 pips | | [**Apr 29, 2026**](https://interestratedecision.com/fed/april-2026/) | ■ hold 3.50%–3.75% | ▼ 3.7 pips | 5 min | −15 pips | | [**Mar 18, 2026**](https://interestratedecision.com/fed/march-2026/) | ■ hold 3.50%–3.75% | ▲ 8.3 pips | 10 min | −39 pips | Up and down are the pair EUR/USD. A hawkish surprise (a bigger hike, a smaller cut, a hold when a cut was expected) tends to push EUR/USD down, because USD is its second currency; a dovish one pushes it up. [← Previous decision**Fed, December 2026**No consensus yet](https://interestratedecision.com/fed/december-2026/) [Next decision →**Fed, March 2027**Wed, Mar 17, 2:00 PM EDT](https://interestratedecision.com/fed/#dates) **The same week:** [BoC, Wed, Jan 27](https://interestratedecision.com/boc/january-2027/) · [this week's decisions](https://interestratedecision.com/this-week/) **Fed:** [Will the Fed raise or cut rates?](https://interestratedecision.com/fed/will-the-fed-raise-rates/) · [Fed rate odds](https://interestratedecision.com/fed/rate-odds/) · [Fed meeting dates 2027](https://interestratedecision.com/fed/meeting-dates-2027/) · [Fed rate history since 2008](https://interestratedecision.com/fed/rate-history/) · [the dot plot](https://interestratedecision.com/fed/dot-plot/) · [all central bank rates](https://interestratedecision.com/central-bank-rates/) Questions ## Fed January 2027 decision: questions What time is the Fed interest rate decision on Jan 27, 2027? 2:00 PM EST New York time on Wednesday, January 27, 2027, which is 7:00 PM London in London and 4:00 AM Tokyo in Tokyo. The press conference follows at 2:30 PM EST. What is expected from the Fed in January 2027? There is no consensus figure yet. The rate now is —. How does the Fed decision move EUR/USD, and what should I watch? Across 15 measured Fed decisions since January 2025, the first spike closed back inside the hour-before range within 60 minutes in 11 (73%), and in 10 of those price then took the other side within four hours. In the other 4 the first move held. Median move in the first 15 minutes: 25 pips. The decision against what was expected: a move the market already priced moves price less than a surprise. Past reactions describe what happened, not what will. By Forexia ## Learn the read behind every projection. Forexia teaches the same read this site measures: where the stops rest before a release, the hunt, and the close back that says it is done. Courses, live signals for members, and a community of traders who chart the same way. [Explore Forexia](https://forexiapro.com/?via=interestratedecision) [Free Telegram channel](https://t.me/forexia2)