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July 29, 2026US FEDERAL RESERVE MONETARY POLICY At its scheduled Federal Open Market Committee (FOMC) meeting on July 29th, the US Federal Reserve announced that it will hold the target range for the federal funds rate at a range of 3.5% to 3.75%.
The Committee notes that economic activity has been expanding at a solid pace, with strong productivity and capital investment, even with ongoing uncertainty from the Middle East conflict. Job growth has matched the expansion of the workforce, keeping the unemployment rate relatively stable. Inflation is still higher than the 2% goal, pinned up by supply shocks in sectors like energy.
The Committee is determined to deliver price stability.
The next scheduled FOMC meeting will be held on September 15-16, 2026.
Source: US Federal Reserve, FOMC Press Release
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