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Federal Reserve

USD Β· Official Website

Latest Statement

βš–οΈ Neutral
The Fed - Monetary Policy
2026-07-29

The Federal Reserve's minutes from the July 2026 FOMC meeting indicate a cautious approach to monetary policy amid rising oil prices and solid economic data. While market expectations suggest potential rate hikes in the coming months, the Committee remains committed to maintaining price stability and achieving its 2 percent inflation target.

Bank Profile

Mandate
Dual mandate: maximum employment and price stability (2% PCE inflation)
Decision Types
Federal funds rate target range, Quantitative easing/tightening, Forward guidance
Policy Instruments
Open market operations, Discount window, Reserve requirements, Interest on reserves
Target Indicators
PCE inflation (2%), Unemployment rate, GDP growth, Core PCE
Communication Style
Data-dependent, measured, forward guidance focused with dot plot projections
Committee
Federal Open Market Committee (FOMC) - 12 voting members

Economic Indicators

Policy Rate3.62%
EUR/USD1.1525
GDP Growth1.8%
M2 Growth-1.2%
10Y Yield4.64%
2y10y Spread+0.47%
Credit Spread0.43%
HISTORICAL TRENDS
Policy Rate
5.383.62
FX Rate
1.161.15
CPI
8.001.23
GDP
6.15-2.08
10Y Yield
4.754.55
2Y-10Y Spread
0.530.34
Stance
75.00.00

Key Commodities

Top traded commodities for United States

Commodity Price 1D 30D
WTI Crude Oil 83.90 USD/barrel -2.8% +4.3%
Natural Gas (Henry Hub) 2.70 USD/MMBtu -4.6% -2.2%
Copper 13,542.82 USD/mt -0.1% +62.2%

Recent Statements

Federal Reserve Board - Federal Reserve issues FOMC statement πŸ¦… Hawkish
2026-07-29
⚑ Rate
↑0 ↓0 β†’1
πŸ—£ Dissent
↑1 ↓0
πŸ“ Classified Sentences
πŸ—£ Dissent Hawkishmp_interest_rate
"Voting against the monetary policy action were Beth M. Hammack, Neel Kashkari, and Lorie K. Logan, who preferred to raise the target range for the federal funds rate by 1/4 percentage point at this meeting."
⚑ Rate Holdmp_interest_rate
"The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve's dual mandate."
The Fed - Monetary Policy: βš–οΈ Neutral
2026-06-17
Federal Reserve Board - Federal Reserve issues FOMC statement βš–οΈ Neutral
2026-06-17
⚑ Rate
↑0 ↓0 β†’1
πŸ“ Classified Sentences
⚑ Rate Holdmp_interest_rate
"The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve's dual mandate."
Federal Reserve Board - Federal Reserve issues FOMC statement βš–οΈ Neutral
2026-04-29
⚑ Rate
↑0 ↓0 β†’1
πŸ“ Classified Sentences
⚑ Rate Holdmp_interest_rate
"In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 3.5 to 3.75 percent."
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