FOMC (Federal Open Market Committee)

Overview

The Federal Reserve's monetary policy committee. Meets 8 times per year to set the federal funds rate target range.

Meeting summary （published 2026-10-07）

The FOMC voted unanimously to raise the federal funds rate target range by 1/4 percentage point to 3.75-4.00 percent at its September 15-16 meeting. Most participants assessed that another increase in the target range would be appropriate by year-end. On inflation, participants had not seen sufficient progress and generally viewed risks as skewed to the upside, citing persistent core services and goods inflation, higher energy prices, and possible tariff increases. Inflation was projected to step down to 2 percent in 2029. Real GDP growth was projected to pick up over the second half of 2026 and outpace potential through 2028, reflecting strong business investment and solid consumer spending. The labor market was judged stable and close to maximum employment, with risks now broadly balanced. All participants viewed a higher federal funds rate target range as appropriate based on the economic outlook and balance of risks.

Past meetings

Release history (official values)