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Economic Data Brief |
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Monetary policy
FOMC Decision — July 29, 2026 meeting
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| Fed funds target range, upper limit was unchanged at 0.0 pp in August 2026 to 3.8%, −0.8 pp from a year ago. Prior month: 3.8%. | |
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Target upper
3.8%
▪ 0.0 pp m/m
· −0.8 pp y/y
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Effective rate
3.6%
▪ 0.0 pp m/m
· −0.7 pp y/y
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| | 7 hand-entered fields are still blank in manual/fomc.json (Dissenting votes, Median fed funds projection, end of this year, Median fed funds projection, end of next year, Median real GDP growth projection…). Those rows read “data not available”. |
Revision check| Revision check clear. Prior periods were checked against the values in the last report — no revisions found. All changes below are computed on current-vintage data. |
Key figures| The decision → | July 29, 2026 meeting | July 2026 | M/M chg | M/M % | Y/Y chg | Y/Y % | 12-period trend |
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| Fed funds target range, upper limit | 3.8% | 3.8% | ▪ 0.0 pp | — | ▼ −0.8 pp | — | | | Fed funds target range, lower limit | 3.5% | 3.5% | ▪ 0.0 pp | — | ▼ −0.8 pp | — | | | Effective fed funds rate where the rate actually trades inside the range | 3.6% | 3.6% | ▪ 0.0 pp | — | ▼ −0.7 pp | — | | | Dissenting votes | data not available | | Trend bars show the level over the last 13 periods; the latest period is highlighted. |
What stood out- Total Federal Reserve assets: up 1.4% from a year ago — the fastest pace since October 2022.
Full detailShow every category and subcategory| Summary of Economic Projections (March, June, September, December) → | July 29, 2026 meeting | July 2026 | M/M chg | M/M % | Y/Y chg | Y/Y % |
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| Median fed funds projection, end of this year | data not available | | Median fed funds projection, end of next year | data not available | | Median real GDP growth projection | data not available | | Median unemployment rate projection | data not available | | Median PCE inflation projection | data not available | | Median core PCE projection | data not available |
| Balance sheet → | July 29, 2026 meeting | July 2026 | M/M chg | M/M % | Y/Y chg | Y/Y % |
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| Total Federal Reserve assets | $6,738.2B | $6,735.6B | ▲ +$2.5B | ▲ 0.0% | ▲ +$95.6B | ▲ +1.4% |
Sources |
Economic Impact Group, LLC
Economic research for developing communities
Prepared 2026-08-03 15:59 UTC. Green marks an
increase, red a decrease — direction only, not good or bad.
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