What time will the FOMC interest rate decision be announced? 2pm Eastern on Wednesday. But that’s not the news that will move the markets on Wednesday. This March Fed Meeting also comes with the release of the Summary of Economic Projections (SEP). And that is what will really move the markets not only on Wednesday, but for the next 2 months. As a result of the banking crisis and inflation remaining high, this FOMC interest rate decision is the most dangerous in 15 years. If the Federal Reserve makes the wrong move, we could be headed for a major 2023 recession, also known as a hard landing.