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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 essentially unchanged in September 2026 at 3.8%, −0.5 pp from a year ago. Prior month: 3.8%. | |
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Target upper
3.8%
▪ 0.0 pp m/m
· −0.5 pp y/y
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Effective rate
3.6%
▪ 0.0 pp m/m
· −0.5 pp y/y
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| 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 | August 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 | — | ▼ −0.5 pp | — | | | Fed funds target range, lower limit | 3.5% | 3.5% | ▪ 0.0 pp | — | ▼ −0.5 pp | — | | | Effective fed funds rate where the rate actually trades inside the range | 3.6% | 3.6% | ▪ 0.0 pp | — | ▼ −0.5 pp | — | | | Trend bars show the level over the last 13 periods; the latest period is highlighted. |
What stood out- Total Federal Reserve assets: up 2.0% from a year ago — the fastest pace since September 2022.
Full detailShow every category and subcategory| Balance sheet → | July 29, 2026 meeting | August 2026 | M/M chg | M/M % | Y/Y chg | Y/Y % |
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| Total Federal Reserve assets | $6,740.6B | $6,730.9B | ▲ +$9.7B | ▲ +0.1% | ▲ +$132.2B | ▲ +2.0% |
Sources |
Economic Impact Group, LLC
Economic research for developing communities
Prepared 2026-09-14 13:23 UTC. Green marks an
increase, red a decrease — direction only, not good or bad.
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