FOMC Rate Decision: Results, market reaction, and key takeaway
The FOMC voted unanimously, 12–0, to raise the federal funds target range by 25 basis points to 3.75%–4.00%, from 3.50%–3.75%. The Committee cited elevated inflation alongside solid economic activity, resilient domestic spending, strong productivity, and robust capital investment.
📊 Results
Actual Reading
💡 Key Takeaway
The Fed tightened policy to bring inflation back toward its 2% goal while describing employment and economic activity as resilient. It retained its ample-reserves policy. Rates shown are target-range midpoints; unverified consensus and market reactions are omitted.
📖 Why This Matters
The Federal Open Market Committee (FOMC) sets monetary policy for the United States, including the federal funds rate that influences borrowing costs throughout the economy. These meetings occur eight times per year and are among the most closely watched events in financial markets. The committee's decisions on interest rates, along with their projections and Chairman Powell's commentary, can significantly move markets as they signal the Fed's outlook on inflation, employment, and economic growth.
FOMC Rate Decision actual vs expected
| Release date | Wednesday, September 16, 2026 at 14:00 ET |
|---|---|
| Event type | FOMC |
| Actual | 3.88% midpoint |
| Prior | 3.63% midpoint |
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🔗 Related Events
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Rates held at 4.25-4.50%. Powell stayed hawkish, markets shrugged.
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The Fed held rates at 3.50-3.75%. Officials projected hotter inflation, elevated uncertainty tied to the Middle East, and a shallower easing path, with one dissent in favor of a cut.
FOMC Rate Decision
The Fed held the target range at 3.50%–3.75% and emphasized solid growth, low average job gains, elevated inflation, and Middle East uncertainty. No SEP at this meeting, so the statement and Powell tone carried the signal.