Minutes of the Federal Open Market Committee, September 15-16, 2026

What this means

Minutes released October 7 show all FOMC participants supported the September 16 quarter-point increase to a 3.75%–4.00% target range, and most judged another increase would likely be appropriate by year-end while emphasizing that future decisions remain data-dependent. Participants generally saw inflation risks tilted upward and labor-market risks broadly balanced; the meeting also maintained ample reserves, set the reserve-balance rate at 3.90% and the primary-credit rate at 4.00%, and scheduled the next meeting for October 27–28.

Official release

Source material from Federal Reserve. The wording below is the issuer’s statement.

Press Release

October 07, 2026

Minutes of the Federal Open Market Committee, September 15-16, 2026

For release at 2:00 p.m. EDT

Share

The Federal Reserve on Wednesday released the minutes of the Federal Open Market Committee meeting that was held on September 15–16, 2026.

The minutes for each regularly scheduled meeting of the Committee are generally published three weeks after the day of the policy decision. The descriptions of economic and financial conditions contained in these minutes are based solely on the information that was available to the Committee at the time of the meeting.

The minutes can be viewed on the Board's website.

For media inquiries, e-mail [email protected] or call 202-452-2955.

Minutes of Federal Open Market Committee

September 15–16, 2026: HTML | PDF

Last Update:

October 07, 2026

Release text attributed to Federal Reserve. Consult the official publication for any subsequent corrections or updates.