US Fed meeting, Sept. 17 -- 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 the job market had raised expectations that the Fed would cut rates even though inflation remains above its 2% target level.

"Recent indicators suggest that the growth of economic activity moderated in the first half of the year. Job gains have slowed, and the unemployment rate has edged up but remains low. Inf...