텔레그램 10분 핵심 원문 · 2026.10.08 03:10

[원문 유형] Tele-news 주요채널 텔레그램 원문 묶음
[범위] Tele-news 주요채널
[묶음 주기] 10분
[통합 구간] 2026-10-07T18:00:00+00:00 ~ 2026-10-07T18:10:00+00:00
[작성 기준] 아래 글은 서로 다른 채널·작성자의 독립 원문을 수송 편의상 하나의 시간 구간으로 묶은 것이다. 서로 다른 출처의 사실·판단·전망을 하나의 합의나 결론으로 합치지 말고 채널별 귀속을 보존한다. 같은 사건을 다루더라도 공통 이슈 키만 재사용하고, 출처별 사실·해석·반응·전망은 각각 남긴다. 외부 링크와 첨부는 실제 원문으로 사용하고, 텔레그램 문구는 발견 경로·보조 설명으로 구분한다. 시간흐름순 정리는 원문 게시 순서와 각 출처의 판단 강도·조건을 보존한다.

===== 통합 원문 2 / 6 =====
[채널] Korean Alpha
[게시일시] 2026.10.08 03:01:09
[텔레그램 게시물] https://t.me/korean_alpha/883448
[원문 수집 기준] 외부 링크가 있으면 링크를 따라 확보한 실제 본문·첨부 파일이 주 분석 원문이다. 텔레그램 게시물은 발견 경로와 보조 설명으로 보존하며 외부 원문과 구분해 반영한다.

[현재 텔레그램 게시물 본문]
[속보] 연준, 일부 위원들 "인플레이션 위험이 상방으로 더 치우쳤다

📰원문/번역 🏦연준 관찰 📲앱 다운로드

🌐 FED: SOME SAID INFLATION RISKS HAD BECOME MORE SKEWED TO UPS

IDE
[🏦연준 관찰] https://stockhub.kr/events?tab=fomc
[앱 다운로드] https://stockhub.kr/download

[외부 원문 1]
[URL] https://stockhub.kr/events?tab=fomc
[제목] FOMC 금리 결정 일정 — 2026년 연준 회의 | 스톡허브

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3.75%
Fed Funds Rate
다음 FOMC 회의
D- 20
10월 회의 / 2026-10-28
2026년 FOMC 회의 일정
1월 회의
2026-01-28
동결 (3.75%)
3월 회의
2026-03-19
동결 (3.75%)
4월 회의
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6월 회의
2026-06-17
7월 회의
2026-07-29
9월 회의
2026-09-16
10월 회의
2026-10-28
D- 20
12월 회의
2026-12-16
금리 결정 히스토리
발표일
결정
기준금리
코멘트
2026-04-29
동결
3.75%
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2026-03-19
동결
3.75%
물가 지표 추가 확인 대기
2026-01-28
동결
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2

025-11-07
인하 (-0.25%)
4.00%
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2025-09-18
인하 (-0.25%)
4.25%
인플레이션 목표 근접
2025-07-30
동결
4.50%
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FOMC 상세 일정 보기 →

===== 통합 원문 3 / 6 =====
[채널] 64비트사령부⚡️ 🇰🇷🇺🇸
[게시일시] 2026.10.08 03:01:12
[텔레그램 게시물] https://t.me/BTCpentagon/9880
[원문 수집 기준] 외부 링크가 있으면 링크를 따라 확보한 실제 본문·첨부 파일이 주 분석 원문이다. 텔레그램 게시물은 발견 경로와 보조 설명으로 보존하며 외부 원문과 구분해 반영한다.

[현재 텔레그램 게시물 본문]
연준 9월 FOMC 의사록 공개
미국 연방준비제도 · FED

📝 핵심 요약
2026년 9월 15일부터 16일까지 개최된 연방공개시장위원회(FOMC)의 회의 의사록이 공개됐음.

📌 주요 내용
• 9월 15~16일 진행된 FOMC 회의 내용이 담긴 의사록이 발표됐음.

🕒 발표 · 2026.10.08 03:00 KST
[🏦 연준 공식 발표 확인 ↗] https://www.federalreserve.gov/newsevents/pressreleases/monetary20261007a.htm

[외부 원문 1]
[URL] https://www.federalreserve.gov/newsevents/pressreleases/monetary20261007a.htm
[제목] Minutes of the Federal Open Market Committee, Septe

mber 15-16, 2026

[첨부 보고서 원문]
[상세 페이지] https://www.federalreserve.gov/newsevents/pressreleases/monetary20261007a.htm
[PDF 원문] https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20260916.pdf
[파일명] fomcminutes20260916.pdf
[페이지 수] 15

[PDF 1페이지]
FOMC

FEDERAL RESERVE SYSTEM
Minutes of the
Federal Open Market Committee
September 15–16, 2026

[PDF 2페이지]
Minutes of the Federal Open Market
Committee
September 15–16, 2026
A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal
Reserve System was held in the offices of the Board of Governors on Tuesday, September 15, 2026,
at 10:30 a.m. and continued on Wednesday, September 16, 2026, at 9:00 a.m.1
Developments in Financial Markets and Open M

arket Operations
The manager started with an overview of developments in financial markets over the intermeeting
period. Asset prices were affected by economic data that pointed to a resilient economy with
persistent inflation, an escalation of geopolitical tensions that pushed up energy prices, and policy
communications. The market-implied policy path, Treasury yields, near-term inflation compensation,
and equity prices all increased, and the dollar depreciated.
Regarding expectations for U.S. monetary policy, the manager noted that the market-implied path for
monetary policy had risen notably over the intermeeting period and that both market prices and
market outreach indicated that investors placed high odds on a 25 basis point increa

se in the target
range for the federal funds rate at the September meeting. Responses to the Open Market Desk
Survey of Market Expectations (Desk survey) also indicated that a considerable probability was placed
on at least 25 basis points of policy firming by the end of the year. The shift in expectations was
attributable in part to FOMC communications as well as to the incoming inflation data. The manager
also observed that considerable uncertainty remained about the path of policy at longer horizons.
The manager turned next to the Treasury market. Nominal yields increased around 35 basis points
across the 2- to 10-year segment of the yield curve. Part of the increase reflected the higher expected
path of monetary policy and the strength o

f economic data. Market commentary pointed to
geopolitical developments, uncertainty related to the U.S. Treasury’s announcement and
implementation of the buyback program, and competition for capital from heavy private debt issuance
to finance the development of artificial intelligence (AI) infrastructure as also contributing to higher
term premiums and Treasury yields.

1 The Federal Open Market Committee is referenced as the “FOMC” and the “Committee” in these minutes; the Board of
Governors of the Federal Reserve System is referenced as the “Board” in these minutes.

[PDF 3페이지]
2 September 15–16, 2026

Near-term inflation compensation rose over the intermeeting period, largely reflecting movements in
oil prices. Both market- and survey-based measures of longer-term inflation expec

tations remained
stable at levels consistent with the Committee’s 2 percent longer-run inflation objective.
Turning to credit and equity markets, the manager observed that yield spreads on hyperscaler debt
used to finance AI infrastructure remained wide, given the large volume of issuance and the relatively
long duration of the securities being issued. On net, equity market prices moved up modestly over the
intermeeting period, with companies that directly benefit from investment in AI infrastructure
outperforming the rest of the market. The manager noted that the rise in equity prices this year was
entirely attributable to strong actual and expected corporate earnings, while price-to-earnings
multiples had declined.
The trade-weighted dollar depreciated against the currencies of major foreign econo

mies, reflecting
narrowing interest rate differentials and improving foreign growth. The joint U.S.–Japan intervention to
support the yen in late July also directly contributed to dollar depreciation, given the yen’s
considerable weight in currency indexes. The manager noted that the Desk, acting purely as fiscal
agent for the U.S. Treasury, intervened in the currency market using U.S. Treasury funds; the System
Open Market Account portfolio was not involved.  
When reviewing money markets, the manager observed that conditions had remained stable over the
intermeeting period, with the effective federal funds rate (EFFR) steady relative to the interest on
reserve balances (IORB) rate and with repurchase agreement (repo) rates trading just

below that level
on average. Reduced dealer demand for repo financing, tied to lower securities inventories,
contributed to softer repo rates. A substantial increase in Treasury bill issuance since July had been
absorbed well, with limited effect on money market rates.
The manager noted that the level of reserve balances in the system appeared to remain within a range
consistent with an ample supply. Reflecting money market conditions, the Desk’s forecast for reserve
supply, and its assessment of reserve demand, the Desk had paused reserve management purchases
(RMPs). The manager noted that the pace of RMPs was not on a preset course and that the Desk
would continue to make decisions each month with the goal of keeping reserves

within the ample
range.
By unanimous vote, the Committee ratified the Desk’s domestic transactions over the intermeeting
period. There were no intervention operations in foreign currencies for the System’s account during
the intermeeting period.

[PDF 4페이지]
Minutes of the Federal Open Market Committee 3

Staff Review of the Economic Situation
The information available at the time of the meeting indicated that inflation remained elevated. Labor
market conditions continued to be broadly stable with some signs of gradual tightening. Real gross
domestic product (GDP) was expanding at a solid pace.
Based on data from the consumer and producer price indexes, the staff estimated that price
inflation—as measured by the 12-month change in the price index for total pers

onal consumption
expenditures (PCE)—edged up to 3.8 percent in August, led by a pickup in consumer energy prices
after they had declined during the previous two months. Core PCE price inflation, which excludes
changes in consumer energy prices and many consumer food prices, was estimated to have remained
at 3.4 percent in August. Both total and core inflation were higher than their levels from a year earlier,
a development the staff attributed mostly to the effects of past tariff increases, higher energy and
input costs stemming from geopolitical developments, and an increase in technology-related
consumer goods prices associated with the AI buildout. Under the new methodology that the Bureau
of Economic Analysis (BEA) had announced would be implemented at the end of Sept

ember, the staff
estimated that total inflation would be 3.6 percent in August, with core inflation at 3.2 percent.
The unemployment rate moved down to 4.1 percent in July and August, 0.3 percentage point lower
than its average in the second half of last year. Moreover, the labor force participation rate stepped
back up in August following the unusually low readings in the previous couple of months. The pace of
nonfarm payroll employment gains picked up notably in August, reflecting increases across a range of
industries. The 12-month change in the employment cost index for private-sector workers was
3.3 percent through June, and average hourly earnings increased 3.1 percent over the 12 months
ending in August. Both measures of labor cost growth were below their year

-earlier levels.
Available indicators suggested that real GDP growth was solid over the first half of this year, about the
same as last year’s pace. Moreover, real private domestic final purchases—which comprises PCE and
private fixed investment and often provides a better signal of underlying economic momentum than
does real GDP—appeared to have picked up notably in the first half and to have been rising faster than
GDP. Consumer spending growth had firmed, and the AI buildout continued to support robust
increases in business investment spending. The AI buildout also fueled strong imports of high-tech
capital goods, while real energy exports rose to record highs in the second quarter amid disruptions to
oil shipments from th

e Middle East.
Economic growth abroad stepped up in the second quarter, as most foreign economies continued to
demonstrate resilience despite heightened geopolitical tensions and elevated energy prices.
Manufacturing activity expanded at a solid pace, supported in part by strong global demand for high-

[PDF 5페이지]
4 September 15–16, 2026

tech goods related to the AI buildout. By contrast, indicators of economic activity in China through
August suggested that the country’s domestic demand growth remained weak.
Total inflation abroad remained above central banks’ target levels in many foreign economies,
reflecting higher consumer energy and food prices due to disruptions stemming from geopolitical
developments. With elevated inflation and economic growth proving more resilien

t than expected,
most foreign central banks remained focused on inflation risks. The European Central Bank raised its
policy rate, citing continued inflationary pressures from the Middle East conflict.
Staff Review of the Financial Situation
Over the intermeeting period, both the market-implied expected path of the federal funds rate and
nominal Treasury yields increased notably, driven largely by news about geopolitical developments and
FOMC-related communications amid a still-resilient economic outlook. Market-implied measures of
volatility of longer-term interest rates increased somewhat on net. Changes in inflation compensation
accounted for most of the net increase in shorter-maturity Treasury yields, while chang

es in real rates
contributed to most of the net increase in longer-maturity Treasury yields. Despite increasing across
all maturities, inflation compensation remained consistent with expectations that PCE inflation will
return to 2 percent.
Broad equity price indexes increased somewhat, on net, supported by robust corporate earnings that
were bolstered by the AI buildout. Investor equity risk sentiment improved, as the one-month option-
implied volatility of the S&P 500 index decreased a touch and ended the period near the median of its
historical distribution.
Market-based expectations for monetary policy rates in major advanced foreign economies (AFEs)
moved up notably as global energy prices increased. Longer-term bond yields also in

creased in AFEs,
albeit to a lesser extent. The broad dollar index declined moderately, primarily reflecting larger
increases in short-term interest rates abroad than in the U.S. Changes in foreign equity price indexes
were mixed, with modest declines in some markets and gains in those linked to the AI buildout.
Conditions in U.S. short-term funding markets remained stable. In secured markets, the Tri-Party
General Collateral Rate averaged 3 basis points below the IORB rate, as markets absorbed sizable net
Treasury bill issuance over the period without significant pressure on secured rates. In unsecured
funding markets, the EFFR averaged 2 basis points below the IORB rate.
Financing conditions in domestic credit markets remained generally accommod

ative for larger
businesses and municipalities but were somewhat restrictive for residential mortgage borrowers and
small businesses. Borrowing costs increased moderately in most sectors. Yields on investment- and
speculative-grade corporate bonds increased mostly in line with Treasury yields, as spreads narrowed

[PDF 6페이지]
Minutes of the Federal Open Market Committee 5

modestly. Spreads for corporate bonds issued by AI hyperscalers decreased slightly over the period
after widening notably from low levels at the start of the year. Residential mortgage rates increased a
bit more than 10-year Treasury yields. Outside of residential mortgages, consumer credit borrowing
costs were little changed over the interm

eeting period.
Credit continued to be generally available to most households and businesses, though it appeared to
be somewhat tight for private credit loans and small businesses. Bank lending continued to expand,
while corporate bond issuance remained robust, even beyond the recent notable activity of AI
hyperscalers. In the private credit market, direct lending issuance slowed in July amid subdued retail
interest but resilient institutional demand. Regarding households, borrowing for home purchases
remained depressed, although total home equity borrowing stayed near pre-pandemic levels.
Consumer credit remained generally available to most households, as credit card balances grew
moderately in the second quarter and average credit card limits contin

ued to increase. Issuance of
municipal bonds remained strong.
Staff Economic Outlook
Total inflation was expected to decline over the remainder of the year, as retail gasoline prices were
projected to move lower and core inflation was forecast to edge down. Inflation was projected to step
down over the next two years, as the effects of tariffs, geopolitical developments, and the AI buildout
were expected to wane, and to reach 2 percent in 2029. The staff’s inflation forecast was somewhat
higher for 2026 through 2028 than the one prepared for the July meeting.
Real GDP growth was projected to pick up over the second half of this year and to outpace potential
through 2028, reflecting strong business investment, solid consumer spending

, and supportive
financial conditions. The unemployment rate was expected to remain below the staff’s estimate of the
longer-run rate through 2029. The staff’s outlook for economic activity and the labor market was
stronger than the one prepared for the July meeting, mostly in response to incoming information.
The staff continued to view the uncertainty around its projection as substantial, considering the
unknowns related to persistently elevated inflation, the potential economic effects of AI investment
and adoption, and geopolitical developments. The risks around the forecasts for employment and real
GDP growth were seen as roughly balanced. Risks to the inflation forecast were seen as skewed to
the upside, given the possibility that inflation could prove to be more persisten

t than the staff
anticipated.

[PDF 7페이지]
6 September 15–16, 2026

Participants’ Views on Current Conditions and the Economic Outlook
In conjunction with this FOMC meeting, 18 participants submitted projections of the most likely
outcomes for real GDP growth, the unemployment rate, and inflation. One participant submitted
projections through 2027 and over the longer run, while the others submitted through 2029 and over
the longer run. The projections were based on participants’ individual assessments of appropriate
monetary policy, including their projections of the federal funds rate. Participants who submitted
projections also provided their individual assessments of the level of uncertainty an

d the balance of
risks associated with their projections. The Summary of Economic Projections was released to the
public following the conclusion of the meeting.
Participants noted that inflation remained elevated and that they had not seen sufficient progress on
lowering inflation in recent months. They noted that ongoing geopolitical developments, which had
pushed up prices for crude oil and refined fuel products, and surging AI-related investments were
contributing to inflation pressures. Several participants observed that the rate of price increases in
core services excluding housing remained elevated. Several participants observed that the rate of
price increases in the core goods category also remained elevated, as effects of

the AI buildout
appeared to increase while the effects of tariff increases waned. A few participants noted that certain
items in the PCE price index—software and portfolio management fees in particular—had made
relatively large contributions to recent PCE inflation readings, and that those contributions would likely
be reduced somewhat with the upcoming changes to the BEA’s methodology. Some participants
noted that, according to various modeling approaches, underlying inflation appeared to be above the
Committee’s 2 percent objective and to have moved sideways in recent months. A few participants
observed that the 3-month change measure of core PCE inflation showed a material decline since the
start of the year but cautioned that this measure is more volatile than the 12-mont

h change measure
and has shown a strong tendency to understate inflation in the second half of the year compared with
the first half.
Participants judged that market- and survey-based indicators of medium- and longer-term inflation
expectations remained at levels consistent with the Committee’s 2 percent objective. Several
participants noted that market- and survey-based measures of short-term inflation expectations were
elevated.
Participants generally expected that inflation would remain elevated in the near term and then decline
toward 2 percent over the medium term under appropriate monetary policy. Some participants
commented that increased energy prices and the ongoing AI buildout were contributing to cost
pressures faced by businesses, including higher costs for transportation and

input materials. Many
participants cited their business contacts and business surveys as reporting increased cost pressures.

[PDF 8페이지]
Minutes of the Federal Open Market Committee 7

Some participants noted that businesses appeared to have been more successful in passing cost
increases through to consumers. Participants generally assessed inflation risk as skewed to the
upside; some participants remarked that those risks had become more skewed to the upside in recent
months. Many participants assessed that the longer energy prices remained elevated, the greater the
risk that cost increases in certain sectors could lead to broader price pressures. Some participants
commented that the AI buildout could cause aggregate demand to outpace aggregate

supply over the
medium term, putting upward pressure on inflation. Several participants noted that the possibility of
further tariff increases was also an upside risk to inflation. Some participants expressed concerns
that, after more than five years of inflation above 2 percent, elevated inflation rates could begin to
affect inflation expectations and wage- and price-setting decisions.
Participants judged that labor market conditions were stable and generally viewed the labor market as
close to maximum employment. A majority of participants assessed that the labor market had
strengthened a bit recently, pointing to developments such as employment gains modestly outpacing
labor force growth. Several participants noted that dynamism in the labor market wa

s unusually low,
as reflected by low rates of hiring and layoffs, a low job-finding rate, and a persistently elevated long-
term unemployment rate. Some participants observed that strong demand for skilled workers in
sectors related to the ongoing AI buildout had been driving strong wage gains for these workers.
However, some participants also commented that aggregate wage growth was moderate and
consistent with inflation moving toward 2 percent, or that the labor market was not currently a source
of inflationary pressures.
Participants generally expected labor market conditions to remain stable, with the unemployment rate
staying close to current levels. Participants generally viewed the upside and downs

ide risks to the
labor market as broadly balanced.
Participants also discussed developments related to financial conditions. A few participants
discussed the potential factors behind the recent rise in longer-term Treasury yields, such as incoming
data that pointed to a stronger economy, increased expectations for AI-related borrowing, and
geopolitical developments. Many participants commented that, despite the recent rise in longer-term
Treasury yields, financial conditions appeared to be supportive of economic growth, with equity prices
having risen substantially this year and spreads on corporate bonds having remained narrow. Several
participants noted that credit appeared broadly available, pointing to the level of new

financing in the
economy, robust issuance volumes in corporate loan and bond markets, or easier bank lending
standards. A few participants commented that housing was a sector in which financial conditions did
not appear supportive of activity, with mortgage rates remaining at elevated levels.

[PDF 9페이지]
8 September 15–16, 2026

Participants generally assessed that economic activity was expanding at a solid pace. Robust
business investment and resilient consumer spending had supported economic activity, even as
adverse supply shocks from geopolitical developments had intensified. Several participants
commented that the underlying momentum in the economy appeared to have increased. Participants
noted that the ongoing AI buildout was boosting busi

ness investment. Several participants
commented that the scale and pace of the AI buildout had continued to surprise to the upside.
Several participants noted that business activity had also been supported by factors such as the high
level of corporate earnings, less restrictive regulations, and tariff refunds. Regarding the agricultural
sector, a couple of participants observed that conditions in that sector, especially the crop sector, had
been strained because of worsening drought and higher prices for diesel and other inputs.
Participants observed that consumer spending had been solid. Several participants observed that
stock market gains had provided support to consumer spending, particularly amo

ng higher-income
households. Several participants noted, however, that low- and moderate-income households faced
strains, with higher energy prices weighing disproportionately on their real disposable income.
Participants discussed recent estimates of trend productivity and the outlook for productivity growth.
Participants generally regarded the trend productivity growth rate as currently about in line with the
historical average and somewhat higher than pre-pandemic levels. A couple of participants noted the
difficulty of detecting a potential change in trend productivity in real time. Participants generally
judged that AI-related investments would likely contribute to stronger gains in

productivity and
potential output in the coming years but they noted that there was substantial uncertainty over the
magnitude or timing of the effects. A few participants flagged emerging concerns regarding potential
repercussions associated with rapid adoption of AI, including cybersecurity and other risks, that could
act as a drag on productivity in some cases.
In their consideration of monetary policy at this meeting, all participants supported raising the target
range for the federal funds rate ¼ percentage point to 3¾ to 4 percent. Participants generally
emphasized that inflation remained elevated while the labor market appeared to be near full
employment, with some signs of strengthening, and that economic activity was expa

nding at a solid
pace. Furthermore, almost all participants assessed that, while inflation risks were tilted to the
upside, risks to the labor market had diminished and were now broadly balanced. Based on the
outlook and the changing balance of risks, all participants viewed a higher target range for the federal
funds rate as appropriate. Participants judged that this would support a timelier return of inflation to
the Committee’s 2 percent goal. Many participants emphasized that a higher path for the target range
would be prudent on risk-management grounds, providing insurance against inflation remaining
persistently above target due to stronger-than-expected demand or further adverse s

upply shocks. A
number of participants viewed a higher path for the target range as necessary based on their modal

[PDF 10페이지]
Minutes of the Federal Open Market Committee 9

outlooks rather than on risk-management grounds. Some participants remarked that a higher policy
rate would diminish the risk of persistently elevated inflation unanchoring inflation expectations and
becoming further entrenched. A couple of participants emphasized that a higher policy rate would
help prevent sector-specific price increases stemming from energy market disruptions and AI-related
demand from broadening out and generating more persistent inflation dynamics. A couple of
participants remarked on having increased their estimate of the neutral federal fun

ds rate and thus
their view of the appropriate setting of the target range for the federal funds rate. Several participants
stated that they viewed the current policy rate as not restrictive or only mildly restrictive.
With regard to the outlook for monetary policy beyond the current meeting, most participants
assessed that another increase in the target range for the federal funds rate would likely be
appropriate by year end. Participants emphasized, however, that they approached each meeting with
an open mind and decisions at future meetings would depend on incoming information and its
implications for the outlook and the balance of risks.
Regarding balance sheet policy, a few participants observed that Treasury

markets had been
functioning smoothly but noted the importance of planning for market stress. They suggested
strengthening the Federal Reserve’s strategy, communications, and tools for addressing market
dysfunction, should it occur, while limiting the Federal Reserve’s footprint in the Treasury market.
Committee Policy Actions
In support of the Committee’s dual-mandate goals, all members agreed to raise the target range for
the federal funds rate ¼ percentage point to 3¾ to 4 percent and reaffirmed the FOMC’s policy of
maintaining ample reserves in the banking system. Members noted that the unemployment rate was
largely unchanged and that solid growth in economic activity had continued amid re

silient domestic
spending, while inflation remained elevated relative to the Committee’s 2 percent goal. The
Committee underlined its continuing resolve to achieve its dual-mandate goals by indicating in its
postmeeting statement that it “will deliver price stability.” Members agreed that the policy action
taken would support a timelier return of inflation to the Committee’s 2 percent goal.
At the conclusion of the discussion, the Committee voted to direct the Federal Reserve Bank of New
York, until instructed otherwise, to execute transactions in the System Open Market Account in
accordance with the following domestic policy directive, for release at 2:00 p.m.:
“Effective September 17, 2026, the Federal Open Market Committee dire

cts the Desk to:
•
Undertake open market operations as necessary to maintain the federal funds rate in a
target range of 3¾ to 4 percent.

[PDF 11페이지]
10 September 15–16, 2026

•
Conduct standing overnight repurchase agreement operations at a rate of 4.0 percent.
•
Conduct standing overnight reverse repurchase agreement operations at an offering rate
of 3.75 percent and with a per-counterparty limit of $160 billion per day.
•
When appropriate, increase the System Open Market Account holdings of securities
through purchases of Treasury bills and, if needed, other Treasury securities with
remaining maturities of 3 years or less to maintain an ample level of reserves.
•
Roll over at auction all principal payments from the Federal Reser

ve’s holdings of
Treasury securities. Reinvest all principal payments from the Federal Reserve’s holdings
of agency securities into Treasury bills.”
The vote also encompassed approval of the statement below for release at 2:00 p.m.:
“The Federal Open Market Committee approved the following statement for release by a
12–0 vote:
The Committee decided to raise the target range for the federal funds rate by ¼ percentage
point to 3¾ to 4 percent, in support of the Federal Reserve’s dual mandate. The Committee
is continuing its policy of maintaining ample reserves in the banking system.
Economic activity is expanding at a solid pace. While uncertainty remains elevated owing, in
part, to geopolitical developments, domestic spending has

been resilient. Productivity growth
is strong, and capital investment is robust. Job gains have kept pace with the workforce, and
the unemployment rate has changed little.
Inflation remains elevated. Today’s policy action will support a timelier return to the
Committee’s 2 percent goal. The Committee will deliver price stability.”
Voting for this action: Kevin Warsh, John C. Williams, Michael S. Barr, Michelle W. Bowman, Lisa D.
Cook, Beth M. Hammack, Philip N. Jefferson, Neel Kashkari, Lorie K. Logan, Anna Paulson, Jerome H.
Powell, and Christopher J. Waller.
Voting against this action: None.
Consistent with the Committee’s decision to raise the target range for the federal fun

ds rate to 3¾ to
4 percent, the Board of Governors of the Federal Reserve System voted unanimously to raise the
interest rate paid on reserve balances to 3.90 percent, effective September 17, 2026. The Board of

[PDF 12페이지]
Minutes of the Federal Open Market Committee 11

Governors of the Federal Reserve System voted unanimously to approve a ¼ percentage point
increase in the primary credit rate to 4.0 percent, effective September 17, 2026.2
It was agreed that the next meeting of the Committee would be held on Tuesday–Wednesday,
October 27–28, 2026. The meeting adjourned at 10:15 a.m. on September 16, 2026.
Notation Vote
By notation vote completed on August 18, 2026, the Committee unanimously approve

d the minutes of
the Committee meeting held on July 28–29, 2026.
Attendance
Kevin Warsh, Chairman
John C. Williams, Vice Chair
Michael S. Barr

Michelle W. Bowman
Lisa D. Cook
Beth M. Hammack
Philip N. Jefferson
Neel Kashkari
Lorie K. Logan
Anna Paulson
Jerome H. Powell
Christopher J. Waller
Thomas I. Barkin, Mary C. Daly, Austan D. Goolsbee, Sushmita Shukla, and Cheryl L. Venable,
Alternate Members of the Committee
Susan M. Collins, Alberto G. Musalem, and Jeffrey R. Schmid, Presidents of the Federal Reserve Banks
of Boston, St. Louis, and Kansas City, respectively
Joshua Gallin, Secretary
Michelle A. Smith, Assistant Secretary
Mark E. Van Der Weide, General Counsel
Richard Ostrander, Deputy

General Counsel
Trevor A. Reeve, Economist
Stacey Tevlin, Economist
Beth Anne Wilson, Economist
Stephanie R. Aaronson, Brian M. Doyle, Eric M. Engen, Michael T. Kiley, Elizabeth Klee, Edward S.
Knotek II, and Andrea Raffo, Associate Economists

2 In taking this action, the Board approved requests to establish that rate submitted by the Board of Directors of the Federal
Reserve Banks of Cleveland, Richmond, Atlanta, Chicago, Minneapolis, Kansas City, and Dallas. The vote also encompassed
approval by the Board of Governors of the establishment of a 4.0 percent primary credit rate by the remaining Federal Reserve
Banks, effective on September 17, 2026, or the date such Reserve Banks inform the Secretary of the Board of

such a request.
(Secretary’s note: Subsequently, the Federal Reserve Banks of Boston, New York, Philadelphia, St. Louis, and San Francisco
were informed of the Board’s approval of their establishment of a primary credit rate of 4.0 percent, effective
September 17, 2026.)

[PDF 13페이지]
12 September 15–16, 2026

Roberto Perli, Manager, System Open Market Account
Julie Ann Remache, Deputy Manager, System Open Market Account
Jose Acosta, Principal System Engineer, Division of Information Technology, Board
Alyssa Arute,3 Assistant Director, Division of Reserve Bank Operations and Payment Systems, Board
William F. Bassett, Senior Associate Director, Division of Financial

Stability, Board
Kimberly N. Bayard, Section Chief, Division of Research and Statistics, Board
Camille Bryan, Senior Project Manager, Division of Monetary Affairs, Board
Brent Bundick, Vice President, Federal Reserve Bank of Kansas City
Mark A. Carlson,3 Senior Adviser, Division of Monetary Affairs, Board
Michele Cavallo, Special Adviser to the Board, Division of Board Members, Board
Shonda Clay, First Vice President, Federal Reserve Bank of Chicago
Francisco Covas, Deputy Director, Division of Supervision and Regulation, Board
Stephanie E. Curcuru, Deputy Director, Division of International Finance, Board
Ryan A. Decker, Special Adviser to the Board, Division of Board Members, Board
Maximilian Dunn,3 Analytical Responsibility Manager, Federal Reserve

Bank of New York
William Dupor, Senior Economic Policy Advisor II, Federal Reserve Bank of St. Louis
Burcu Duygan-Bump, Deputy Director, Division of Research and Statistics, Board
Eric C. Engstrom, Special Adviser to the Chairman, Division of Board Members, Board
Laura J. Feiveson, Special Adviser to the Board, Division of Board Members, Board
Andrew Figura, Senior Associate Director, Division of Research and Statistics, Board
Aaron Flaaen, Principal Economist, Division of International Finance, Board
Etienne Gagnon, Senior Associate Director, Division of International Finance, Board
Jenn Gallagher, Assistant to the Board, Division of Board Members, Board
Jonathan E. Goldberg, Principal Economist, Division of Monetar

y Affairs, Board
Grey Gordon, Senior Research Economist, Federal Reserve Bank of Richmond
François Gourio, Vice President, Federal Reserve Bank of Chicago
Christopher J. Gust, Senior Associate Director, Division of Monetary Affairs, Board
Daniel L. Heil, Special Adviser to the Chairman, Division of Board Members, Board
Valerie S. Hinojosa, Assistant Director, Division of Monetary Affairs, Board
Matteo Iacoviello, Senior Associate Director, Division of International Finance, Board
Jane E. Ihrig, Special Adviser to the Board, Division of Board Members, Board

3 Attended through the discussion of developments in financial markets and open market operations.

[PDF 14페이지]
Minutes of the Federal Open Market

Committee 13

Callum Jones, Principal Economist, Division of Monetary Affairs, Board
Don H. Kim, Senior Adviser, Division of Monetary Affairs, Board
Sylvain Leduc, Executive Vice President and Director of Economic Research, Federal Reserve Bank of
San Francisco
Andreas Lehnert, Director, Division of Financial Stability, Board
Paul Lengermann, Deputy Associate Director, Division of Research and Statistics, Board
Laura Lipscomb, Special Adviser to the Board, Division of Board Members, Board
John P. McConnell, Special Adviser to the Chairman, Division of Board Members, Board
Benjamin W. McDonough, Secretary of the Board, Office of the Secretary, Board
Ryan Michaels, Senior Economic Advisor and Economist, Federal Reserve Bank

of Philadelphia
Raven Molloy, Deputy Associate Director, Division of Research and Statistics, Board
David Newville, Director, Division of Consumer and Community Affairs, Board
Anna Nordstrom, Head of Markets, Federal Reserve Bank of New York
Alyssa T. O’Connor, Special Adviser to the Board, Division of Board Members, Board
Lubomir Petrasek, Section Chief, Division of Monetary Affairs, Board
Eugenio P. Pinto, Special Adviser to the Board, Division of Board Members, Board
Odelle Quisumbing,4 Assistant to the Secretary, Office of the Secretary, Board
Nellisha D. Ramdass, Deputy Director, Division of Monetary Affairs, Board
Kim Robbins, First Vice President, Federal Reserve Ban

k of Kansas City
Samantha Schwab, Special Adviser to the Chairman, Division of Board Members, Board
Zeynep Senyuz, Special Adviser to the Board, Division of Board Members, Board
Giorgio Topa, Department Head, Federal Reserve Bank of New York
Pertshuhi Torosyan,3 Associate Director, Federal Reserve Bank of New York
Clara Vega, Deputy Associate Director, Division of Research and Statistics, Board
Annette Vissing-Jørgensen, Senior Adviser, Division of Monetary Affairs, Board
Jeffrey D. Walker,3 Senior Associate Director, Division of Reserve Bank Operations and Payment
Systems, Board
Lauren E. Wiese, Information Services Senior Analyst, Division of Monetary Affairs, Bo

ard, and Federal
Reserve Bank of Chicago
Randall A. Williams, Acting Chief and Group Manager, Division of Monetary Affairs, Board
Jonathan Willis, Vice President, Federal Reserve Bank of Atlanta
Paul Winfree, Special Adviser to the Chairman, Division of Board Members, Board

4 Attended Tuesday’s session only.

[PDF 15페이지]
14 September 15–16, 2026

Ines Xavier, Senior Economist, Division of Monetary Affairs, Board
Egon Zakrajšek, Executive Vice President, Federal Reserve Bank of Boston
Rebecca Zarutskie, Senior Vice President, Federal Reserve Bank of Dallas

_______________________
Joshua Gallin
Secretary

===== 통합 원문 4 / 6 =====
[채널]

세상의 (부)족한 것들에 대해서
[게시일시] 2026.10.08 03:01:25
[텔레그램 게시물] https://t.me/runoutof/482944
[원문 수집 기준] 외부 링크가 있으면 링크를 따라 확보한 실제 본문·첨부 파일이 주 분석 원문이다. 텔레그램 게시물은 발견 경로와 보조 설명으로 보존하며 외부 원문과 구분해 반영한다.

[현재 텔레그램 게시물 본문]
IEA 경유 필요하면 추가 방출...비축량 2억 배럴

키워드: #정부 #부족

국제에너지기구, IEA가 최근 공급 부족 사태를 감안해 경유를 중심으로 전략비축유 방출에 속도를 내겠다고 밝혔습니다. 파티흐 비롤 IEA 사무총장은 성명을 내고 회원국 정부들은 지난 3월 발표한 비축유 방출에...

본문보기
[본문보기] https://n.news.naver.com/mnews/article/052/0002416066?sid=104&igsh=xJZjHULfLspxaF==
[IEA "경유 필요하면 추가 방출...비축량 2억 배럴"] https://n.news.naver.com/mnews/article/052/0002416066?igsh=xJZjHULfLspxaF==&sid=104

[외부 원문 1]
[URL] https://n.news.naver.com/mnews/article/052/0002416066?sid=104&igsh

=xJZjHULfLspxaF==
[제목] IEA "경유 필요하면 추가 방출...비축량 2억 배럴"

국제에너지기구, IEA가 최근 공급 부족 사태를 감안해 경유를 중심으로 전략비축유 방출에 속도를 내겠다고 밝혔습니다.
파티흐 비롤 IEA 사무총장은 성명을 내고 "회원국 정부들은 지난 3월 발표한 비축유 방출에 속도를 내 가능한 한 빨리 완료하는 데 지지를 표명했다"며 특히 경유를 우선 방출한다는 데도 회원국들이 의견을 같이했다고 전했습니다.
그러면서 현재 회원국들이 경유 2억 배럴 이상을 포함해 약 11억 배럴을 비축하고 있다며 "필요하면 비축유를 시장에 추가로 방출할 준비가 돼 있다"고 말했습니다.
비롤 총장은 이란 전쟁 초반인 지난 3월 회원국들이 방출에 합의한 4억 배럴 가운데 현재까지 3억2천500만 배럴이 시장에 풀렸고 일부 회원국은 약속보다 많이 방출했다고 설명했습니다.
이에 따라 다른 회원국들도 약속한 분량을 모두 풀면 앞으로 1억 배럴 이상이 시장에 공급된다는 게 IEA의 계산입니다.
앞서 주요 7개국(G7)은 IEA를 통해 경유와 원유 등 1억 배럴을 4개월 동안 공동 방출하기로 했으며 초반 20일은 파트너 국가들과 함께 경유를 우선 방출한다고 발표했습니다.
※ '당신의 제보가 뉴스가 됩니다'
[카카오톡] YTN 검색해 채널 추가
[전화] 02-398-8585
[메일]

social@ytn.co.kr

[외부 원문 2]
[URL] https://n.news.naver.com/mnews/article/052/0002416066?igsh=xJZjHULfLspxaF==&sid=104
[제목] IEA "경유 필요하면 추가 방출...비축량 2억 배럴"

국제에너지기구, IEA가 최근 공급 부족 사태를 감안해 경유를 중심으로 전략비축유 방출에 속도를 내겠다고 밝혔습니다.
파티흐 비롤 IEA 사무총장은 성명을 내고 "회원국 정부들은 지난 3월 발표한 비축유 방출에 속도를 내 가능한 한 빨리 완료하는 데 지지를 표명했다"며 특히 경유를 우선 방출한다는 데도 회원국들이 의견을 같이했다고 전했습니다.
그러면서 현재 회원국들이 경유 2억 배럴 이상을 포함해 약 11억 배럴을 비축하고 있다며 "필요하면 비축유를 시장에 추가로 방출할 준비가 돼 있다"고 말했습니다.
비롤 총장은 이란 전쟁 초반인 지난 3월 회원국들이 방출에 합의한 4억 배럴 가운데 현재까지 3억2천500만 배럴이 시장에 풀렸고 일부 회원국은 약속보다 많이 방출했다고 설명했습니다.
이에 따라 다른 회원국들도 약속한 분량을 모두 풀면 앞으로 1억 배럴 이상이 시장에 공급된다는 게 IEA의 계산입니다.
앞서 주요 7개국(G7)은 IEA를 통해 경유와 원유 등 1억 배럴을 4개월 동안 공동 방출하기로 했으며 초반 20일은 파트너 국가들과 함께 경유를

우선 방출한다고 발표했습니다.
※ '당신의 제보가 뉴스가 됩니다'
[카카오톡] YTN 검색해 채널 추가
[전화] 02-398-8585
[메일] social@ytn.co.kr

===== 통합 원문 5 / 6 =====
[채널] Korean Alpha
[게시일시] 2026.10.08 03:01:43
[텔레그램 게시물] https://t.me/korean_alpha/883449
[원문 수집 기준] 외부 링크가 있으면 링크를 따라 확보한 실제 본문·첨부 파일이 주 분석 원문이다. 텔레그램 게시물은 발견 경로와 보조 설명으로 보존하며 외부 원문과 구분해 반영한다.

[현재 텔레그램 게시물 본문]
[속보] 연준: 현 금리가 제한적이거나 약간만 제한적이라고 본 위원 다수

📰원문/번역 🏦연준 관찰 📲앱 다운로드

🌐 FED: SEVERAL SAW CURRENT RATE AS NOT OR ONLY MILDLY RESTRICTIVE
[🏦연준 관찰] https://stockhub.kr/events?tab=fomc
[앱 다운로드] https://stockhub.kr/download

[외부 원문 1]
[URL] https://stockhub.kr/events?tab=fomc
[제목] FOMC 금리 결정 일정 — 2026년 연준 회의 |

스톡허브

StockHub
불러오는 중…
새로고침
경제 일정을 불러오는 중입니다.
일정
투자 계산기
복리 수익률 · 배당 세금 · 적립식 투자 · 양도소득세 · 대출 이자 등
→
📊 경제일정 💼 실적일정 🏦 FOMC 🇺🇸 트럼프
현재 미국 기준금리
3.75%
Fed Funds Rate
다음 FOMC 회의
D- 20
10월 회의 / 2026-10-28
2026년 FOMC 회의 일정
1월 회의
2026-01-28
동결 (3.75%)
3월 회의
2026-03-19
동결 (3.75%)
4월 회의
2026-04-29
6월 회의
2026-06-17
7월 회의
2026-07-29
9월 회의
2026-09-16
10월 회의
2026-10-28
D- 20
12월 회의
2026-12-16
금리 결정 히스토리
발표일
결정
기준금리
코멘트
2026-04-29
동결
3.75%
인플레이션·고용 흐름 추가 확인
2026-03-19
동결
3.75%
물가 지표 추가 확인 대기
2026-01-28
동결
3.75%
인플레이션 목표 복귀 지속 모니터링
2025-12-18
인하 (-0.25%)
3.75%
노동시장 냉각 반영
2025-11-07
인하 (-0.25%)
4.00%
금리 인하 사이클 지속
2025-09-18
인하 (-0.25%)
4.25

%
인플레이션 목표 근접
2025-07-30
동결
4.50%
추가 데이터 확인 필요
FOMC 상세 일정 보기 →

===== 통합 원문 6 / 6 =====
[채널] Korean Alpha
[게시일시] 2026.10.08 03:02:08
[텔레그램 게시물] https://t.me/korean_alpha/883450
[원문 수집 기준] 외부 링크가 있으면 링크를 따라 확보한 실제 본문·첨부 파일이 주 분석 원문이다. 텔레그램 게시물은 발견 경로와 보조 설명으로 보존하며 외부 원문과 구분해 반영한다.

[현재 텔레그램 게시물 본문]
[속보] 연준, AI 구축 규모가 계속해서 놀라움을 안겨줬다고 여러 위원이 언급

📰원문/번역 🏦연준 관찰 📲앱 다운로드

🌐 FED: SEVERAL SAID SCALE OF AI BUILDOUT CONTINUED TO SURPRISE
[🏦연준 관찰] https://stockhub.kr/events?tab=fomc
[앱 다운로드] https://stockhub.kr/download

[외부 원문 1]
[URL] https://stockhub.kr/events?tab=fomc
[제목] FOMC 금리 결정 일정 — 2026년 연준 회의 | 스톡허브

StockHub
불러오는 중…
새로고침
경제 일정을 불러오는 중입니다.
일정
투자 계산기
복리 수익률 ·

배당 세금 · 적립식 투자 · 양도소득세 · 대출 이자 등
→
📊 경제일정 💼 실적일정 🏦 FOMC 🇺🇸 트럼프
현재 미국 기준금리
3.75%
Fed Funds Rate
다음 FOMC 회의
D- 20
10월 회의 / 2026-10-28
2026년 FOMC 회의 일정
1월 회의
2026-01-28
동결 (3.75%)
3월 회의
2026-03-19
동결 (3.75%)
4월 회의
2026-04-29
6월 회의
2026-06-17
7월 회의
2026-07-29
9월 회의
2026-09-16
10월 회의
2026-10-28
D- 20
12월 회의
2026-12-16
금리 결정 히스토리
발표일
결정
기준금리
코멘트
2026-04-29
동결
3.75%
인플레이션·고용 흐름 추가 확인
2026-03-19
동결
3.75%
물가 지표 추가 확인 대기
2026-01-28
동결
3.75%
인플레이션 목표 복귀 지속 모니터링
2025-12-18
인하 (-0.25%)
3.75%
노동시장 냉각 반영
2025-11-07
인하 (-0.25%)
4.00%
금리 인하 사이클 지속
2025-09-18
인하 (-0.25%)
4.25%
인플레이션 목표 근접
2025-07-30