Banks › Federal Reserve › History › 29 Apr 2026
Federal Reserve: decision of 29 April 2026
The Federal Open Market Committee kept the target range for the federal funds rate at 3-1/2 to 3-3/4 percent.
Decision
hold
- Rate
- 3.75%=3.75%
- Change
- 0 bp
- Vote
- 8–4
- Announced
- 14:00 New York time
Sources
- Statement
- federalreserve.gov/newsevents/pressreleases/mone…
- Minutes
- federalreserve.gov/monetarypolicy/fomcminutes202…
- Press conference
- federalreserve.gov/monetarypolicy/fomcpresconf20…
- Recorded
- 29 Apr 2026
- Data
- JSON
What the bank said
The Committee said inflation was elevated, in part reflecting the recent increase in global energy prices.
It said economic activity had been expanding at a solid pace, while job gains had remained low on average and the unemployment rate had been little changed.
It said developments in the Middle East were contributing to a high level of uncertainty about the economic outlook.
Guidance. The Committee said that, in considering the extent and timing of further adjustments to the target range, it would carefully assess incoming data, the evolving outlook and the balance of risks.
“Inflation is elevated, in part reflecting the recent increase in global energy prices.”
Dissent
Stephen I. Miran preferred a 1/4 percentage point cut, while Beth M. Hammack, Neel Kashkari and Lorie K. Logan supported the hold but objected to the easing bias in the statement.
Before and after
- Previous decision: 18 Mar 2026, held the federal funds rate at 3.75%.
- Next decision: 17 Jun 2026, held the federal funds rate at 3.75%.
- All Federal Reserve decisions and the rate history