What changed in the Federal Reserve statement —
Federal Reserve raised policy at 3.50–3.75%. The vote was 12-0. Read the official statement and the previous release side by side below.
Decision
- Decision: hike
- Fed funds rate: 3.50–3.75%
- Vote: 12-0
Going into the decision
On the day, the committee read as hawkish — 0.9 on a scale where +3 means every member wants higher rates and −3 means every member wants cuts.
Reconstructed from official member remarks published before the decision date. 14 of 17 active members had stored official remarks.
Official statement
June 17, 2026
Federal Reserve issues FOMC statement
For release at 2:00 p.m. EDT Share
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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.
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Implementation Note issued June 17, 2026
Related
Full meeting record · Press conference transcript · Previous statement · Next statement
Background reading
Cadence's comparison is generated from the official documents. Read the methodology.
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