Fed to overhaul FOMC schedule, cutting rate-setting meetings to six a year by 2028
- —The Fed will keep eight FOMC meetings a year, with one skipping the policy-rate vote
- —One meeting will focus on monetary policy strategy instead of a rate decision
- —From 2028, the policy rate will be set at six meetings per year
Why it matters: Fewer rate votes could mean fewer volatility triggers, but markets will have to recalibrate the timing of Fed decisions.
Source: Bloomingbit