The Federal Reserve (Fed) meeting concluded today, September 17, 2025. The Federal Open Market Committee (FOMC) finished its two-day meeting with the announcement of a quarter-point interest rate cut at 2:00 PM Eastern Time. Fed Chair Jerome Powell held a press conference at 2:30 PM ET to discuss the decision and economic outlook.

In summary:

• The rate decision was announced at 2:00 PM ET.
• The press conference with Chair Powell started at 2:30 PM ET.
• This was the first interest rate cut of 2025, reducing the federal funds rate target to 4.00%–4.25%.
• The Fed signaled the possibility of two more rate cuts later this year.

Therefore, the Fed meeting happened today, and the key announcements including the interest rate decision and Chair Powell's press conference took place in the afternoon as scheduled.