BOSTON, MA, June 17, 2026 – The Federal Open Market Committee (FOMC) met today to assess the state of the US economy and monetary policy. In the first meeting of the Warsh tenure, the FOMC left the Federal Funds Target Rate unchanged at 3.50-3.75%, matching market expectations. Data released since the April meeting supports the decision. The unemployment rate stands near multi-year lows and underlying consumer price inflation persists above the Fed’s 2% target and is trending higher. While a resolution in the Iranian conflict appears close, it is too soon for the Fed to signal “all clear” on the growth and inflation fronts. The effects of fiscal policy and AI investment trends increasingly complicate the economic outlook. The Fed left rates unchanged today to evaluate how the current environment and incoming data will affect the economy and the balance of risks.

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