Fed Will Not Set Upper Bound At 3.25 Percent

The Federal Reserve will not set the upper bound of the target federal funds range at 3.25% after the FOMC's December 8-9, 2026 meeting. The FOMC raised the upper bound to a 3.75% to 4.00% range in a 12-0 vote on September 16, 2026, and the Board of Governors' Federal Funds Target Range - Upper Lim…