FOMC study

SPY around the Fed, one minute at a time.

41 FOMC decision days from 2021-03-17 to 2026-03-18. The page shows the actual SPY intraday price path for each meeting, with the key return segments summarized below the selected date.

Interactive tape map

Each FOMC day, minute by minute.

SEP meeting

2026-03-18

SEP meeting. Pre-2pm was offered; first 45 minutes were offered; late session was offered.

Open $668.36High $669.72Low $661.19Close $661.51

Prior close to 13:59-0.60%

14:00 to 14:44-0.26%

14:45 to close-0.52%

Open to close-1.02%

Shaded region marks 14:00-14:45 ET, the announcement shock window. The chart shows the actual SPY intraday price path; the stat cards summarize the key return segments.