Fed Watch

Last updated 2026-10-04 19:51 JST (auto-updated every business day)

Latest FOMC-related releases, speeches and congressional testimony, collected automatically from the Federal Reserve Board's official RSS feeds. All links go to original documents on federalreserve.gov.

The tables below hold 36 documents (12 in Monetary Policy Releases (FOMC statements, minutes), 12 in Speeches (Board members), 12 in Congressional Testimony), published on or after May 15, 2024. The most recent is "Bowman, Modernizing Financial Regulation: Initial Observations from eSLR" (Speeches (Board members), October 01, 2026). Each table is sorted newest first and links to the original document.

Monetary Policy Releases (FOMC statements, minutes)

Speeches (Board members)

Congressional Testimony

What the Fed publishes, and what each thing is worth

Not everything from the Federal Reserve carries the same weight. Confusing a single governor's speech with a committee decision is the most common mistake.

DocumentWhose viewWhenWhat it tells you
FOMC statementThe committeeFinal day of the meetingThe rate decision and forward guidance. The heaviest document
Projections (SEP)Distribution of participants' forecastsQuarterly, with the statementThe dot plot and the median rate path
Chair's press conferenceThe Chair30 minutes after the statementThe intent behind the wording; the Q&A is where it shows
MinutesThe committee's discussionAbout three weeks laterDissents, and where opinion split
SpeechesOne individualAnytimeWhere each official stands. Not a decision
TestimonyThe Chair, on the recordTwice yearly and ad hocWider ground, driven by legislators' questions

Read the statement as a diff

FOMC statements follow the same skeleton every time, so the words that changed are the message. "Expanding at a moderate pace" becoming "the pace of expansion has slowed", or a sentence about further tightening simply disappearing — that is what moves markets. Comparing against the previous statement gets you there faster than reading it straight through.

The minutes show the split

The statement is smoothed into consensus language; the minutes are not. Phrases like "several participants" and "a few participants" map loosely onto headcounts, and how large the minority was feeds into the next decision. The catch is the three-week lag: data released in between may already have moved the ground.

Speeches are not decisions

Governors and regional presidents speak for themselves, and many speakers do not hold a vote in a given year. They are still worth following, because when several officials start using the same phrase, the next statement often follows. Read them as a set, not one by one.

Why we link to the originals

Policy documents acquire interpretation the moment they are translated or summarised, and as above, the substitution of single words is the message. We handle collection and ordering; the reading should happen in the source text.

See also: Macro Risk Monitor ・ US market data