When was the last fomc meeting

The Federal Open Market Committee (FOMC) held its most recent policy meeting on September 15–16, 2026. During this session, the committee members evaluated the latest economic data, focusing on persistent inflationary pressures and the cooling labor market. On 16 September 2026, the Federal Reserve announced its decision to maintain the federal funds rate within the current target range, opting for a cautious approach as it monitors the impact of previous monetary tightening cycles. Chair Jerome Powell emphasized in the post-meeting press conference that while there has been progress in stabilizing consumer prices, the committee requires further evidence of a sustained downward trend toward the two percent inflation target before considering any adjustments to interest rates. The meeting summary highlighted that officials remain data-dependent, balancing the risks of an economic slowdown against the necessity of ensuring long-term price stability. Market participants continue to analyze the minutes from this gathering to gauge the potential trajectory for policy shifts in the final quarter of the year, as the committee prepares for its next scheduled deliberation in November.