The next Federal Reserve interest rate decision is scheduled for Wednesday, September 17, 2025, at 18:00 UTC. This follows the Federal Open Market Committee (FOMC) meeting held over two days on September 16-17, 2025. At this meeting, the Fed will announce whether it will raise, lower, or maintain the current federal funds rate, which as of the last meeting is set at a target range of 4.25%–4.50%. Market expectations are mixed, with some anticipation of potential rate cuts later in 2025 depending on economic data, but the probability of a September cut is currently below 50%.