June 17, 2026
Federal Reserve issues FOMC statement
For release at 2:00 p.m. EDT
The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote:
T1The 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 Committee reaffirmed its policy of maintaining ample reserves in the banking system.
T2Economic activity is expanding at a solid pace despite T3elevated uncertainty that owes, in part, to the conflict in the Middle East. Productivity growth and capital investment are strong. T4Job gains have kept pace with the workforce, and the unemployment rate has changed little.
T5Inflation remains elevated relative to the Committee's 2 percent goal, in part reflecting supply shocks that have driven price increases in certain sectors, including energy. The Committee will deliver price stability.
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Implementation Note issued June 17, 2026
Mentions · how they’re counted
| Category | Underlined | Word counter | Model’s count |
|---|---|---|---|
| AI AI, artificial intelligence, generative AI, machine learning, large language model, LLM | 0 | 0 | 0 |
| Layoffs layoffs, RIF, headcount reduction, workforce optimization, restructuring | 0 | — | 0 |
| Recession recession, downturn, contraction, slowdown | 0 | 0 | 0 |
| Tariffs tariff, trade war, trade barriers, trade restrictions, trade policy | 0 | 0 | 0 |
| Buybacks share repurchase, buyback program | 0 | — | 0 |
Underlines use the same word lists the scores use. AI, recession and tariffs follow Palanor’s word counter, so those counts match it exactly on the same text. Layoffs and buybacks use the terms the model was given. The model’s count is an estimate by meaning, not by string, so it can differ from the underlines.
Source: Board of Governors of the Federal Reserve System · public domain · Highlights by Palanor