US Fed meeting: In line with expectations, the US Federal Reserve’s Federal Open Market Committee (FOMC), chaired by Jerome Powell, cut the key benchmark interest rate by 25 basis points on Wednesday, 17 September 2025. This brings the federal funds rate down to a range of 4.00% to 4.25%. This was the first Fed rate cut since December 2024, when the central bank had lowered rates by 25 basis points.
Recent weakness in jobs market had raised expectations that the Fed would cut rates even though inflation remains above its 2% target level. The US unemployment rate jumped to 4.3 per cent in August, up from 4.2 per cent in July. US job growth was at 22,000 in August, sharply dropping from 79,000 in July 2025. Besides, the US economy created 9,11,000 fewer jobs in the 12 months through March than previously estimated.
Track US Fed Meeting 2025 LIVE Updates Here
(This is a developing story. Please check back for fresh updates.)
About The Author
