The US Federal Reserve has kept its benchmark interest rate in a target range of 3.5% to 3.75%, with all 12 members of the Federal Open Market Committee voting in favour of the decision on 17 June 2026.
The Committee cited heightened uncertainty partly linked to the Middle East conflict, even as economic activity continues to expand at a solid pace. Productivity growth and capital investment remain robust, while employment gains have kept pace with workforce growth.
Inflation remains above the Fed's 2% target, with supply shocks pushing up prices in certain sectors including energy. The Committee reaffirmed its policy of maintaining ample reserves in the banking system.