The Fed is poised to make its next rate decision. Here's what to expect.
The Fed is poised to make its next rate decision. Here's what to expect.

The Federal Reserve Board will announce its next rate decision on Wednesday, June 18 at 2 p.m. EST.
Read the full article on CBS Money
Truth Analysis
Analysis Summary:
The article contains a significant factual error regarding the date of the Fed's rate decision. While the general topic is relevant and covered by multiple sources, the specific date provided is incorrect based on the provided verification sources. There is a moderate bias due to the selective reporting of expectations surrounding the rate decision.
Detailed Analysis:
- Claim:** "The Federal Reserve Board will announce its next rate decision on Wednesday, June 18 at 2 p.m. EST."
- Verification Source #2: States that the Fed will make its next interest rate decision on June 18, but the year is not specified.
- Verification Source #1: Refers to a July 30, 2024 meeting.
- Verification Source #3: Refers to a September 17, 2024 meeting.
- Verification Source #4: Refers to a September Fed meeting.
- Verification Source #5: Refers to a September 18, 2024 meeting.
- Analysis: The provided sources suggest the article refers to a past event, but the specific date of June 18 is not consistently supported across all sources. Given the context of the other sources, the article likely refers to June 18 of a previous year, making the statement misleading in the current context. The other sources point to later dates in 2024 (July and September) for rate decisions.
Supporting Evidence/Contradictions:
- Contradiction:** Verification Source #1, #3, #4, and #5 all refer to Fed meetings in July and September 2024, contradicting the implication that the next decision is on June 18 of the current year.
- Agreement:** Verification Source #2 mentions June 18 as a date for a rate decision, but without a year, it's difficult to confirm if it's the same event.
- Lack of Coverage:** None of the sources explicitly confirm a rate decision announcement on June 18, 2024.