The Fed reduced the policy interest rate by 50 basis points after a 4-year hiatus, bringing it down from the range of 5.25-5.50% to 4.75-5.00%, the highest level in 23 years. Many people closely following the economic agenda are now wondering if the Fed will have a meeting in October. So, when will the FED interest rate decision be announced? While the Fed and the European Central Bank (ECB) lowered interest rates in September, the Bank of Russia and the Central Bank of Brazil decided to raise interest rates. The Bank of Japan (BoJ), the Bank of England (BoE), and the Central Bank of the Republic of Turkey (TCMB) decided to keep their policy rates unchanged. All eyes are now on the Fed’s latest interest rate decision and its subsequent impact on the markets. Here are the 2024 FED meeting dates…The Federal Reserve (Fed) will conduct 8 meetings in 2024. There is no scheduled meeting for the Fed in October. The Fed’s next meeting is set to take place on November 6-7, 2024. The Fed’s interest rate decision is expected to be announced in the evening hours of November 7th, Turkish time. After a 4-year hiatus, the Fed lowered the policy interest rate for the first time and reduced it by 50 basis points to the range of 4.75- 5.00%. In the statement released by the bank, it was indicated that despite the slowdown in job gains, the unemployment rate has increased. The statement mentioned that inflation is progressing towards the 2% target but remains high, indicating that more confidence has been gained that inflation will sustainably decrease towards 2% and that the risks of achieving employment and inflation goals are roughly balanced. The Fed also revealed its economic forecasts, indicating that it may consider another total of 50 basis points interest rate cut this year.