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The Economy › Fed meetings

January 2027 Fed Decision: What Forecasters Are Calling

The Federal Open Market Committee meets January 26–27. Here is every call on this meeting we have found from a named forecaster, in their own words, with a link to where they said it. We make no forecast of our own; each call is graded once the decision is in.

Target range going inNot known yetSet at the December meeting
Calls on file1From 1 forecaster
Calling a hike0Hold: 1 · Cut: 0
The decisionJan 272:00 p.m. Eastern

The calls at a glance

A hike0No calls
Hold1
A cut0No calls

Waiting to be graded

A hike

0 calls

No calls on file for this outcome.

Hold

1 call

Claudia Sahm · Stay-At-Home Macro (Claudia Sahm) · Nov 2

“a quarter-point hike in December, a hold in January”

Read the original ↗

Due Jan 27, 2027

A cut

0 calls

No calls on file for this outcome.

How these calls are graded

Each call is checked against the change in the Fed’s target range, as the Federal Reserve Bank of New York publishes it. A call that names a size is scored on how close it came: a quarter point off scores 50, half a point off scores 0. A call that names only a direction is right or wrong. A forecaster who repeats a call is counted once.

The full method

Missing a call?

If a named forecaster published a call on this meeting and it isn’t here, send us the link. We add calls made before the meeting, never after.

Send us a call

MissedTakes reconciles interpretations of published predictions against publicly-available actuals. Nothing on this site is intended as investment, financial, or tax advice and no past performance should be interpreted as an indicator of future performance. Each figure is the result of analyzing output from the agencies named with grades, and grades are corrected to the best of our ability when figures are changed. Grades evaluate predictions, not the people who made them. How we grade