Banks › Federal Reserve › History › 16 Sept 2026
Federal Reserve: decision of 16 September 2026
The Federal Open Market Committee raised the target range for the federal funds rate by 1/4 percentage point to 3-3/4 to 4 percent.
Decision
raise
- Rate
- 3.75%↑4.00%
- Change
- +25 bp
- Vote
- 12–0
- Announced
- 14:00 New York time
Sources
- Statement
- federalreserve.gov/newsevents/pressreleases/mone…
- Minutes
- federalreserve.gov/monetarypolicy/fomcminutes202…
- Press conference
- federalreserve.gov/monetarypolicy/fomcpresconf20…
- Summary of Economic Projections
- federalreserve.gov/monetarypolicy/fomcprojtabl20…
- Recorded
- 16 Sept 2026
- Data
- JSON
What the bank said
The Committee said inflation remained elevated and that the increase would support a timelier return to its 2 percent goal.
It said economic activity was expanding at a solid pace and domestic spending had been resilient, although uncertainty remained elevated owing in part to geopolitical developments.
It said job gains had kept pace with the workforce and the unemployment rate had changed little.
“Today's policy action will support a timelier return to the Committee's 2 percent goal.”
Before and after
- Previous decision: 29 Jul 2026, held the federal funds rate at 3.75%.
- Next scheduled meeting: (calendar).
- All Federal Reserve decisions and the rate history