FOMC statement of September 16, 2026
This statement of the Federal Open Market Committee, compared sentence by sentence with the scheduled statement before it: what changed in the text, and how the Committee voted.
In short
The Federal Open Market Committee released this statement on September 16, 2026. Compared with the previous scheduled statement of July 29, 2026: 3 sentences changed, 2 were added, 2 were removed, and 3 stayed the same. In words: 42 added, 81 removed. The vote on this statement: Vote 12-0. Unanimous. On the July 29, 2026 statement: Vote 9-3. 3 members voted against: Beth M. Hammack, Neel Kashkari, Lorie K. Logan.
FOMC statement · September 16, 2026
Changed sentences against the previous scheduled statement (July 29, 2026)
3 unchanged · 3 changed · 2 added · 2 removed · words +42 / −81
- July 29, 2026
- Vote 9-3. 3 members voted against: Beth M. Hammack, Neel Kashkari, Lorie K. Logan.
- September 16, 2026
- Vote 12-0. Unanimous.
The Federal Open Market Committee approved the following statement for release by a 9 - 3 12 - 0 vote: The Committee decided to maintain raise the target range for the federal funds rate at 3-1/2 by 1/4 percentage point to 3-3/4 to 4 percent, in support of the Federal Reserve's dual mandate.
Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East.
While uncertainty remains elevated owing, in part, to geopolitical developments, domestic spending has been resilient.
Productivity growth is strong, and capital investment are strong is robust.
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.
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.
Today's policy action will support a timelier return to the Committee's 2 percent goal.
Show the 3 unchanged sentences
The Committee is continuing its policy of maintaining ample reserves in the banking system.
Job gains have kept pace with the workforce, and the unemployment rate has changed little.
The Committee will deliver price stability.
Source: Board of Governors of the Federal Reserve System — the statement on federalreserve.gov · July 29, 2026
How to read this page
The page sets this statement of the Federal Open Market Committee next to the scheduled statement before it, sentence by sentence. The Fed’s sentences are shown as published, in English.
In a changed sentence, the words that were dropped are struck through and the new words are underlined. A sentence found only in the newer statement is marked as added; one found only in the older statement, as removed. Sentences that did not change are collapsed.
The counts say how many sentences fall into each of those groups, and how many words were added and removed. They count edits; they do not weigh them.
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