FOMC statement, June 17, 2026

… Research Publications & Data Analysis Community Advisory Council Resources for Consumers Frauds and Scams Mortgage and Foreclosure Resources Federal Reserve Community Development Resources Home News & Events Press Releases Press Release PDF June 17, 2026 Federal Reserve issues FOMC statement For release at 2:00 p.m. EDT Share The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote: The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve's dual mandate. The Committee reaffirmed its policy of maintaining ample reserves in the banking system. Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East. Productivity growth and capital investment are strong. Job gains have kept pace with the workforce, and the unemployment rate has changed little. 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. The Committee will deliver price stability. …