FOMC · January 28, 2026 · 14:00 ET
FOMC Rate Decision
Released
FOMC Rate Decision was released on January 28, 2026 (14:00 ET): Target Range Upper came in at 3.75%, vs 3.75% prior.
| Metric | Prior | Actual |
|---|---|---|
| Target Range Upper | 3.75% | 3.75% |
| Target Range Lower | 3.5% | 3.5% |
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What the statement says
FOMC holds the federal funds rate target range at 3-1/2 to 3-3/4 percent; two members dissented, preferring a 25-basis-point cut.
- Maintains the federal funds rate target range at 3-1/2 to 3-3/4 percent
- Economic activity has been expanding at a solid pace, but job gains have remained low and the unemployment rate shows signs of stabilization
- Inflation remains somewhat elevated; the Committee is committed to returning inflation to its 2 percent objective
- The Committee will carefully assess incoming data, the evolving outlook, and the balance of risks in determining the extent and timing of future adjustments
- Stephen I. Miran and Christopher J. Waller voted against the action, preferring to lower the target range by 1/4 percentage point
AI-generated summary of the official text. The official statement is authoritative. Not investment advice.
Figures as published by the official source, which is authoritative. Not investment advice.