FOMC · March 18, 2026 · 14:00 ET
FOMC Rate Decision
Released
FOMC Rate Decision was released on March 18, 2026 (14:00 ET): Target Range Upper came in at 3.75%, vs 3.75% prior.
| Metric | Prior | Actual |
|---|---|---|
| Target Range Upper | 3.75% | 3.75% |
| Target Range Lower | 3.5% | 3.5% |
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What the statement says
FOMC holds the federal funds rate target range at 3-1/2 to 3-3/4 percent; Stephen I. Miran dissented, preferring a 25-basis-point cut
- Maintains the federal funds rate target range at 3-1/2 to 3-3/4 percent
- Inflation remains somewhat elevated; the Committee seeks to achieve inflation at the rate of 2 percent over the longer run
- Job gains have remained low, and the unemployment rate has been little changed in recent months
- The Committee will carefully assess incoming data, the evolving outlook, and the balance of risks in considering the extent and timing of additional adjustments to the target range
- Stephen I. Miran voted against the action, preferring to lower the target range by 1/4 percentage point at this meeting
AI-generated summary of the official text. The official statement is authoritative. Not investment advice.
Figures as published by the official source, which is authoritative. Not investment advice.