Federal Reserve issues FOMC statement

What this means

The FOMC voted 12–0 on September 16 to raise the federal funds target range by 0.25 percentage point to 3.75%–4.00% while continuing an ample-reserves policy. The Committee cited solid economic growth, resilient spending, strong productivity and capital investment, little change in unemployment and elevated inflation, saying the increase was intended to support a timelier return to its 2% inflation goal.

Official release

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

Press Release

PDF

September 16, 2026

Federal Reserve issues FOMC statement

For release at 2:00 p.m. EDT

Share

The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote:

The Committee decided to raise the target range for the federal funds rate 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. While uncertainty remains elevated owing, in part, to geopolitical developments, domestic spending has been resilient. Productivity growth is strong, and capital investment is robust. Job gains have kept pace with the workforce, and the unemployment rate has changed little.

Inflation remains elevated. Today's policy action will support a timelier return to the Committee's 2 percent goal. The Committee will deliver price stability.

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

Implementation Note issued September 16, 2026

Last Update:

September 16, 2026

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