Home News & Events Press Releases Press Release PDF <div class="js-disabled text-center"> <span class='icon icon-alert icon--jsAlert'></span> <span><strong>Please enable JavaScript if it is disabled in your browser or access the information through the links provided below.</strong> </span> </div> July 29, 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 9 – 3 vote: The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 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 uncertainty that owes, in part, to the conflict in the Middle East.
Productivity growth and capital investment are strong. Job gains have kept pace with the workforce, and the unemployment rate has changed little. Inflation remains elevated relative to the Committee's 2 percent goal, in part reflecting supply shocks that have driven price increases in certain sectors, including energy.
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. For media inquiries, please email [email protected] or call 202-452-2955. Implementation Note issued July 29, 2026 Last Update: July 29, 2026