What will the Federal Reserve do with its federal funds target range at the September meeting?

Reference range in force immediately before the September decision is 3.50%–3.75% (July 29, 2026 FOMC statement). Compare both adopted bounds: Lower the range only if both adopted bounds are lower; Leave the range unchanged only if both are identical; Raise the range only if both are higher; otherwise Change the range another way (including asymmetric moves, width changes, or point-target action). Void if neither primary nor fallback source identifies the September meeting action by 2026-09-23T23:59:59Z. A postponement remains pending; resolve from the rescheduled September decision by the void deadline; else void. The primary source controls; use the named fallback only after 24 consecutive hours of primary unavailability. If both remain unavailable for 72 hours after this item's terminal deadline, or conflict materially without issuer reconciliation within seven calendar days, void. Later corrections change a result only where this item says so; otherwise the first published official record controls.

Starting Forecast source: Launch-slate research prior (2026-07-31); not equal prior.

1. https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
2. Same-date FOMC implementation note on federalreserve.gov