The Fed raised rates for the first time since 2023. Did you trade the decision or wait for the dust to settle?

FTC Community TeamStaff124 views

On 16 September the Federal Reserve raised the target range for the federal funds rate by a quarter point to 3.75%–4.00%, in a 12–0 vote. It was the first increase since July 2023, and the committee's updated projections show rates staying near 4% through 2027.

The Fed raised rates for the first time since 2023. Did you trade the decision or wait for the dust to settle? — central bank rate path diagram
A central bank's policy rate path across recent meetings

Our preview listed what to watch, and the dot plot explained covers how to read the projections.

The Fed raised rates for the first time since 2023. Did you trade the decision or wait for the dust to settle? — trading sessions clock diagram
The four forex trading sessions across a 24-hour day

It would help other members to hear:

  • whether you had a position open at 2:00 p.m. Eastern Time, or stayed flat
  • which you reacted to more: the decision, the projections, or the press conference
  • how the first hour compared with the rest of the session on the pairs you trade

Please keep replies to your own trades and reasoning. Posts that promise a direction or sell signals will be removed.

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  1. FTC Community Team1 mo ago

    A summary of the decision to help structure replies, plus a few questions for a useful review.

    The decision (16 September): the target range was raised by a quarter point to 3.75%–4.00%, in a 12–0 vote. It was the first increase since July 2023, and the updated projections show rates staying near 4% through 2027 (full report).

    For anyone reviewing a trade around it, three things are worth separating:

    1. The decision itself, at 2:00 p.m. Eastern Time, and the statement.
    2. The projections, including the dot plot, which show where committee members expect rates to go (dot plot explained).
    3. The press conference half an hour later, when the chair's comments can change the market's first reading.

    A useful reply format: the pair, what you did at each of those three moments, the result in R, and whether you'd do the same again. Please keep it to your own trades.

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