Added Removed Unmarked words are the same as before.
The Committee decided to maintain raise the target range for the federal funds rate at 3-1/2 by 1/4 percentage point to 3-3/4 to 4 percent, in support of the Federal Reserve's dual mandate. The Committee is continuing its policy of maintaining ample reserves in the banking system.
Economic activity is expanding at a solid pace despite elevated pace. While uncertainty that owes, remains elevated owing, in part, to the conflict in the Middle East. geopolitical developments, domestic spending has been resilient. Productivity growth is strong, and capital investment are strong. is robust. Job gains have kept pace with the workforce, and the unemployment rate has changed little.
Inflation remains elevated relative elevated. Today's policy action will support a timelier return to the Committee's 2 percent goal, in part reflecting supply shocks that have driven price increases in certain sectors, including energy. goal. The Committee will deliver price stability.
Voting against the monetary policy action were Beth M. Hammack, Neel Kashkari, and Lorie K. Logan, who preferred to raise the target range for the federal funds rate by 1/4 percentage point at this meeting.
Source: the Federal Reserve’s release of Sep 16, 2026. What price did after it: the rate decision page.