> FOMC Statement Sep 16, 2026: What Changed
> Source: https://interestratedecision.com/fed/statements/september-2026/ · Content last changed: 2026-11-12
> InterestRateDecision.com: free to quote with a link to the page above.

The FOMC statement of Sep 16, 2026 against the one before it: 33 words added, 69 removed, shown in the Fed's own text.

# FOMC statement, Sep 16, 2026

Set against the statement of Jul 29, 2026: 33 words added, 69 removed, 81 kept. The text is the Fed’s, with no reading of what a change means.

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](https://www.federalreserve.gov/newsevents/pressreleases/monetary20260916a.htm). What price did after it: [the rate decision page](https://interestratedecision.com/fed/september-2026/).

[← Jul 29, 2026](https://interestratedecision.com/fed/statements/july-2026/) [Oct 28, 2026 →](https://interestratedecision.com/fed/statements/october-2026/) · [All statements](https://interestratedecision.com/fed/statements/)

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