Official monetary-policy research

Federal Reserve decisions, statements and effective rates

Follow the current target range, observed overnight rate, exact FOMC documents, voting record and manually reviewed meeting assessments in one connected research area.

Target range

3.50%–3.75%

Effective 29 July 2026

Target midpoint

3.63%

Calculated midpoint, not EFFR

Latest EFFR

3.63%

30 July 2026

Next scheduled meeting

16 September 2026

SEP expected

Federal Funds Rate

Current target bounds, midpoint, IORB, votes and decision history.

Effective Federal Funds Rate

Daily New York Fed observations, volume and corridor-relative spreads.

FOMC Statements

Exact official statements with deterministic wording comparisons.

Press Conferences

Official transcripts, videos and meeting relationships.

Meeting Reports

Approved initial and final evidence-led meeting assessments.

Policy Decisions

Historical target ranges, votes, dissents and linked materials.

Latest FOMC assessment

No manually approved FOMC meeting report is public yet.

Recent policy decisions

Historical FOMC policy decisions
Decision dateDecisionTarget rangeChangeVoteOfficial materials
29 July 2026HOLD3.50%3.75%0 bpStatement · Press conference
17 June 2026HOLD3.50%3.75%0 bpStatement · Press conference
29 April 2026HOLD3.50%3.75%0 bpStatement · Press conference
18 March 2026HOLD3.50%3.75%0 bpStatement · Press conference
28 January 2026HOLD3.50%3.75%0 bpStatement · Press conference
10 December 2025HOLD3.50%3.75%0 bpStatement · Press conference
29 October 2025HOLD3.75%4.00%0 bpStatement · Press conference
17 September 2025HOLD4.00%4.25%0 bpStatement · Press conference

Recent Squawkdeck messages

Actual Squawkdeck message · FOMC Press Conferences

Official FOMC Press Conference Transcript — 2022-06-15

The official Federal Reserve press-conference transcript is available.

30 July 2026

Official source

Actual Squawkdeck message · FOMC Press Conferences

Official FOMC Press Conference Transcript — 2023-11-01

The official Federal Reserve press-conference transcript is available.

30 July 2026

Official source

Actual Squawkdeck message · FOMC Press Conferences

Official FOMC Press Conference Transcript — 2025-03-19

The official Federal Reserve press-conference transcript is available.

30 July 2026

Official source

Actual Squawkdeck message · FOMC Press Conferences

Official FOMC Press Conference Transcript — 2021-07-28

The official Federal Reserve press-conference transcript is available.

30 July 2026

Official source

Actual Squawkdeck message · FOMC Press Conferences

Official FOMC Press Conference Transcript — 2022-05-04

The official Federal Reserve press-conference transcript is available.

30 July 2026

Official source

Actual Squawkdeck message · FOMC Press Conferences

Official FOMC Press Conference Transcript — 2022-09-21

The official Federal Reserve press-conference transcript is available.

30 July 2026

Official source

Related official-data research