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FEDERAL RESERVE press release For release at 2:00 p.m. EDT OARD OF GOVERNORS FEDERAL RESERVES September 16 , 2026 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 . Attachment -0- For media inquiries , please email media@frb.gov or call 202-452-2955 .