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Economic Data Brief |
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Monetary policy
FOMC Decision — September 16, 2026 meeting
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| Fed funds target range, upper limit was essentially unchanged in October 2026 at 4.0%, 0.0 pp from a year ago. Prior month: 4.0%. Prior periods were revised in 4 series — figures below reflect that. | |
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Target upper
4.0%
▪ 0.0 pp m/m
· 0.0 pp y/y
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Effective rate
3.9%
▪ 0.0 pp m/m
· 0.0 pp y/y
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| Revision check| REVISIONS DETECTED (4) — since last report. Every change below is calculated on the revised figures. | | Fed funds target range, lower limit · September 2026 | 3.5% | → | 3.8% | ▲ +0.2 pp | | Effective fed funds rate · September 2026 | 3.6% | → | 3.9% | ▲ +0.2 pp | | Fed funds target range, upper limit · September 2026 | 3.8% | → | 4.0% | ▲ +0.2 pp | | Total Federal Reserve assets · September 2026 | $6,740.6B | → | $6,743.0B | ▲ +$2.4B |
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Key figures| The decision → | September 16, 2026 meeting | September 2026 | M/M chg | M/M % | Y/Y chg | Y/Y % | 12-period trend |
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| Fed funds target range, upper limitREVISED | 4.0% | 4.0% | ▪ 0.0 pp | — | ▪ 0.0 pp | — | | | Fed funds target range, lower limitREVISED | 3.8% | 3.8% | ▪ 0.0 pp | — | ▪ 0.0 pp | — | | | Effective fed funds rateREVISED where the rate actually trades inside the range | 3.9% | 3.9% | ▪ 0.0 pp | — | ▲ 0.0 pp | — | | | Trend bars show the level over the last 13 periods; the latest period is highlighted. |
What stood out- Total Federal Reserve assets: up 2.5% from a year ago — the fastest pace since September 2022.
Full detailShow every category and subcategory| Balance sheet → | September 16, 2026 meeting | September 2026 | M/M chg | M/M % | Y/Y chg | Y/Y % |
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| Total Federal Reserve assetsREVISED | $6,753.6B | $6,743.0B | ▲ +$10.6B | ▲ +0.2% | ▲ +$166.6B | ▲ +2.5% |
Sources |
Economic Impact Group, LLC
Economic research for developing communities
Prepared 2026-10-26 13:37 UTC. Green marks an
increase, red a decrease — direction only, not good or bad.
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