Key Dates Influencing Federal Policy

Election - Belarus
Jan
26

Election - Belarus

Belarus is scheduled to hold its Presidential election on this day. The current President, Alexander Lukashenko, is seeking his seventh term. Mr. Lukashenko is a key ally of Russian President Vladimir Putin. During the last election five years ago, his opponent fled the country after reportedly winning. The only parties that are currently permitted to operate are those that support Mr. Lukashenko’s candidacy.

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Interest Rates - Fed
Jan
28
to Jan 29

Interest Rates - Fed

The US Federal Reserve’s Federal Open Market Committee (FOMC) meets on these days. On the final day, the Chair of the Federal Reserve announces (in the 2:00pm EST timeframe) the FOMC’s decision concerning US monetary policy with a focus on interest rates.

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Trade Data - December
Feb
5

Trade Data - December

US international trade data in goods and services for the month of December and full year 2024, will be released on this day at 8:30am by the Bureau of Economic Analysis (BEA).

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Election - Ecuador
Feb
9

Election - Ecuador

Ecuador is having a General Election today. President Daniel Noboa is seeking reelection. The country is experiencing increased unrest and crime, along with economic struggles partly due to domestic power supply issues.

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Election - Kosovo
Feb
9

Election - Kosovo

Kosovo is holding its parliamentary elections on this day. Significant tensions with Serbia continue; Serbia claims that Kosovo is a Serbian province and not an independent country. Russia backs Serbia’s claims, while the EU and NATO have sought to resolve tensions between the two countries.

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CPI/PPI - January
Feb
12
to Feb 13

CPI/PPI - January

The US Consumer Price Index (CPI) and Produce Price Index (PPI) for January will be released over these two days (CPI the first day, PPI the second day) at 8:30am (EST) by the Bureau of Labor Statistics of the US Department of Labor.

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Election - Germany
Feb
23

Election - Germany

Germany will hold a “snap election” on this day in response to the the collapse of the country’s ruling coalition on December 16, 2024, when the country’s legislative body, Germany’s parliament or “Bundestag,” voted to dissolve the government. Following the elections, members of the Bundestag will vote to choose the country’s chancellor.

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CPI/PPI - February
Mar
12
to Mar 13

CPI/PPI - February

The US Consumer Price Index (CPI) and Produce Price Index (PPI) for February will be released over these two days (CPI the first day, PPI the second day) at 8:30am (EST) by the Bureau of Labor Statistics of the US Department of Labor.

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CR Expiration
Mar
14

CR Expiration

The current “continuing resolution” for FY 2025, or “CR,” expires at midnight on this day. On December 21, 2024, President Joe Biden signed into law a continuing resolution temporarily funding that portion of the US Federal Government that receives annual appropriated resources from Congress. A CR is a temporary funding method that sets funding at, generally, the levels of the prior fiscal year until regular, full-year appropriations (in this case for FY 2025) are enacted. This is the second CR of FY 2025; the first was for the period October 1, 2024 through December 20, 2024.

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Interest Rates - Fed
Mar
18
to Mar 19

Interest Rates - Fed

The US Federal Reserve’s (Fed) Federal Open Market Committee (FOMC) meets on these days. On the final day, the Chair of the Federal Reserve announces (in the 2:00pm EST timeframe) the FOMC’s decision concerning US monetary policy with a focus on interest rates. This March meeting will also include an update on the Fed’s near- and long-term economic projections.

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European Council meeting
Mar
20
to Mar 21

European Council meeting

European leaders comprising the European Council meet on these days in Brussels, Belgium. The tentative agenda is as follows: competitiveness, single market, energy, trade • multilateralism: exchange of views with the UN Secretary General • oceans (ahead of European Oceans Pact and UN Ocean Conference) • MFF / new own resources (guiding discussion) • migration

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CPI/PPI - March
Apr
10
to Apr 11

CPI/PPI - March

The US Consumer Price Index (CPI) and Produce Price Index (PPI) for March will be released over these two days (CPI the first day, PPI the second day) at 8:30am (EST) by the Bureau of Labor Statistics of the US Department of Labor.

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Interest Rates - Fed
May
7
to May 8

Interest Rates - Fed

The US Federal Reserve’s (Fed) Federal Open Market Committee (FOMC) meets on these days. On the final day, the Chair of the Federal Reserve announces (in the 2:00pm EST timeframe) the FOMC’s decision concerning US monetary policy with a focus on interest rates.

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CPI/PPI - April
May
13
to May 15

CPI/PPI - April

The US Consumer Price Index (CPI) and Produce Price Index (PPI) for April will be released over two days (CPI May 13, PPI May 15) at 8:30am (EST) by the Bureau of Labor Statistics of the US Department of Labor.

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Election - Australia
May
17

Election - Australia

Australian parliamentary elections will begin on this day. Elections for a portion of Senate seats will be held this day. Elections for all House seats will be held on September 27.

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OPEC Meeting
May
28

OPEC Meeting

The next meeting of the Organization of the Petroleum Exporting Countries (OPEC) is expected on this day in Vienna, Austria. OPEC and non-OPEC participating countries meet an determine production petroleum production levels among participating members. Decisions of the last meeting (Dec 2024) can be found here.

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Interest Rates - Fed
Jun
17
to Jun 18

Interest Rates - Fed

The US Federal Reserve’s (Fed) Federal Open Market Committee (FOMC) meets on these days. On the final day, the Chair of the Federal Reserve announces (in the 2:00pm EST timeframe) the FOMC’s decision concerning US monetary policy with a focus on interest rates. This June meeting will also include an update on the Fed’s near- and long-term economic projections.

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CPI/PPI - May
Jun
23
to Jun 27

CPI/PPI - May

The US Consumer Price Index (CPI) and Produce Price Index (PPI) for May will be released over two days (CPI June 11, PPI June 12) at 8:30am (EST) by the Bureau of Labor Statistics of the US Department of Labor.

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NATO Summit
Jun
24
to Jun 25

NATO Summit

The annual North Atlantic Treaty Organization (NATO) summit, comprised of forty-five heads of state and government, and an estimated 90 defense and foreign ministers and 6,000 delegation members, held in The Hague, Netherlands.

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GDP - Q1 (final)
Jun
26

GDP - Q1 (final)

The final (3rd) estimate of US Gross Domestic Product (GDP) for the 1st Quarter of 2025 will be released at 8:30am by the Bureau of Economic Analysis (BEA).

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European Council meeting
Jun
26
to Jun 27

European Council meeting

European leaders comprising the European Council meet on these days in Brussels, Belgium. The tentative agenda is as follows: security and defense • preparation of EU-AU Summit and EU-CELAC summit • internal reforms in light of the pre-enlargement policy reviews by the Commission • European semester • migration

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CPI/PPI - June
Jul
15
to Jul 16

CPI/PPI - June

The US Consumer Price Index (CPI) and Produce Price Index (PPI) for June will be released over two days (CPI July 15, PPI July 16) at 8:30am (EST) by the Bureau of Labor Statistics of the US Department of Labor.

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Interest Rates - Fed
Jul
29
to Jul 30

Interest Rates - Fed

The US Federal Reserve’s (Fed) Federal Open Market Committee (FOMC) meets on these days. On the final day, the Chair of the Federal Reserve announces (in the 2:00pm EST timeframe) the FOMC’s decision concerning US monetary policy with a focus on interest rates.

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CPI/PPI - July
Aug
12
to Aug 14

CPI/PPI - July

The US Consumer Price Index (CPI) and Produce Price Index (PPI) for July will be released over two days (CPI August 12, PPI August 14) at 8:30am (EST) by the Bureau of Labor Statistics of the US Department of Labor.

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Congress - Session Status
Sep
1
to Sep 5

Congress - Session Status

The US Consumer Price Index (CPI) and Produce Price Index (PPI) for July will be released over two days (CPI August 12, PPI August 14) at 8:30am (EST) by the Bureau of Labor Statistics of the US Department of Labor.

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Trade Data - July
Sep
4

Trade Data - July

US international trade data in goods and services for the month of July will be released on this day at 8:30am by the Bureau of Economic Analysis (BEA).

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Congress - Session Status
Sep
8
to Sep 12

Congress - Session Status

The US House of Representatives and US Senate are both scheduled to be in session this week. The House is scheduled to be in session September 8-11; the Senate September 8-12. Congressional schedules are subject to change.

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Interest Rates - Fed
Sep
16
to Sep 17

Interest Rates - Fed

The US Federal Reserve’s (Fed) Federal Open Market Committee (FOMC) meets on these days. On the final day, the Chair of the Federal Reserve announces (in the 2:00pm EST timeframe) the FOMC’s decision concerning US monetary policy with a focus on interest rates. This September meeting will also include an update on the Fed’s near- and long-term economic projections.

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Election - Australia
Sep
27

Election - Australia

Australian parliamentary elections will continue on this day. Elections for all House seats will be held on this day. Elections on a portion of Senate seats were held on May 17.

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CPI/PPI - September
Oct
15
to Oct 16

CPI/PPI - September

The US Consumer Price Index (CPI) and Produce Price Index (PPI) for September will be released over two days (CPI October 15, PPI October 16) at 8:30am (EST) by the Bureau of Labor Statistics of the US Department of Labor.

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European Council meeting
Oct
23
to Oct 24

European Council meeting

European leaders comprising the European Council meet on these days in Brussels, Belgium. The tentative agenda is as follows: competitiveness and twin transition: stocktaking and further guidance • housing • EU in the world • migration.

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Interest Rates - Fed
Oct
28
to Oct 29

Interest Rates - Fed

The US Federal Reserve’s (Fed) Federal Open Market Committee (FOMC) meets on these days. On the final day, the Chair of the Federal Reserve announces (in the 2:00pm EST timeframe) the FOMC’s decision concerning US monetary policy with a focus on interest rates.

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Election - United States
Nov
4

Election - United States

Election day in the United States for 2025 includes two key state governor races — Virginia and New Jersey. Democrats are defending the governor’s office in New Jersey, while Republicans are defending the office in Virginia. The current governors of both states are term-limited, and therefore neither incumbent is running for reelection.

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CPI/PPI - October
Nov
13
to Nov 14

CPI/PPI - October

The US Consumer Price Index (CPI) and Produce Price Index (PPI) for October will be released over two days (CPI November 13, PPI November 14) at 8:30am (EST) by the Bureau of Labor Statistics of the US Department of Labor.

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Interest Rates - Fed
Dec
9
to Dec 10

Interest Rates - Fed

The US Federal Reserve’s (Fed) Federal Open Market Committee (FOMC) meets on these days. On the final day, the Chair of the Federal Reserve announces (in the 2:00pm EST timeframe) the FOMC’s decision concerning US monetary policy with a focus on interest rates. This December meeting will also include an update on the Fed’s near- and long-term economic projections.

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CPI/PPI - November
Dec
10
to Dec 11

CPI/PPI - November

The US Consumer Price Index (CPI) and Produce Price Index (PPI) for November will be released over two days (CPI December 10, PPI December 11) at 8:30am (EST) by the Bureau of Labor Statistics of the US Department of Labor.

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European Council meeting
Dec
18
to Dec 19

European Council meeting

European leaders comprising the European Council meet on these days in Brussels, Belgium. The tentative agenda is as follows: MFF: stocktaking • security and defense • enlargement (strategic discussion).

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GDP - Q3 (final)
Dec
19

GDP - Q3 (final)

The final (3rd) estimate of US Gross Domestic Product (GDP) for the 3rd Quarter of 2025 will be released at 8:30am by the Bureau of Economic Analysis (BEA).

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CPI/PPI - December
Jan
14
to Jan 15

CPI/PPI - December

The US Consumer Price Index (CPI) and Produce Price Index (PPI) for December will be released over these two days (PPI the first day, CPI the second day) at 8:30am (EST) by the Bureau of Labor Statistics of the US Department of Labor.

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US Debt Limit
Jan
2

US Debt Limit

On this day, the statutory US debt limit will be reinstated unless Congress extends the suspension. The debt limit was suspended starting June 3, 2023. The statutory debt limit is $31.4 trillion. Since the debt limit's suspension, the US added more than $4.6 trillion to the level of US national debt, and stands at more than $36 trillion.

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