Fed drops October 2027 policy decision

The Federal Reserve’s revised tentative 2027 calendar removes the October interest-rate decision, reserving the October 26–27 meeting for broad monetary-policy strategy discussions instead. The change is part of Chair Kevin Warsh’s plan to create more time for long-term deliberations and, eventually, fewer rate-setting meetings; the strategy session will have no rate vote or policy statement. The calendar change is administrative and does not signal a shift in the Fed’s policy outlook, though fewer scheduled decisions may concentrate market attention on the remaining meetings and incoming economic data.