Standing record · Federal Reserve · updated August 23, 2026
The federal funds rate
The Fed's benchmark rate, tracked decision by decision: what was decided, what the record shows, and what the coverage got right and wrong. This page is always current; each decision keeps its own dated story.
The decisions
- July 29, 2026
The quiet hold breaks: three officials vote to raise rates
9–3 hold; Hammack, Kashkari, and Logan each dissented in favor of a quarter-point hike, the first three-dissent split in one direction since 2016. Full story, with the coverage checked against the record.
2 records in this event
- June 17, 2026
Warsh's first unanimous vote, with half the committee penciling in a hike
12–0 hold; the projections flipped from a cut to a hike. Full story, with the coverage checked against the record.
2 records in this event
- December 11, 2025
The last move: a quarter-point cut to 3.50–3.75
The sixth cut of the easing run that began September 2024. The range has not moved since.