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EconomyAnalysisPast Article

Four Days Later, the Range Is Still 3.75% to 4%

The October 28 decision has not been amended. Inflation, in the statement's word, remains elevated. The September CPI index implies a 3.7 percent twelve-month change.

By Arthur Lin, Economics Columnist

Washington1 min read

Stone arches in a historic building
Stone arches in a historic buildingPhoto by Fr. Daniel Ciucci on Unsplash

The target range is 3.75 to 4 percent. It was 3.75 to 4 percent on Wednesday, when the committee voted 10–2 to leave it there, and it is the same range on Monday, because no new statement has been issued.

The latest consumer price index, for September, was 336.298, as published by the St. Louis Fed. The September 2025 index was 324.268. The change between those published levels is 3.7 percent, rounded from 3.72. That measure differs from the personal consumption expenditures inflation rate the committee more often cites. September's unemployment rate was 4.2 percent.

Put next to the statement, the figures sit where the adjectives were. The committee said inflation remains elevated and the unemployment rate has changed little. The index change and the 4.2 percent rate are the latest monthly readings.

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