The next US Federal Reserve interest rate decision was scheduled for Wednesday, September 17, 2025, at 2:00 PM Eastern Time (6:00 PM UTC). On that date, the Fed announced the first rate cut of the year, lowering the federal funds rate target range by 0.25 percentage points to 4.00% - 4.25%. This was followed by a press conference by Fed Chair Jerome Powell at 2:30 PM ET.

The Federal Reserve holds these interest rate decisions eight times a year during Federal Open Market Committee (FOMC) meetings, roughly every six weeks. The September 17 meeting marked the beginning of expected further rate cuts in 2025, with the Fed signaling two more cuts likely this year.

For future reference, the 2025 scheduled FOMC meetings after September are October 28-29 and December 9-10.

In summary, the key most recent Fed rate decision took place on September 17, 2025, with a quarter-point cut announced at 2 PM ET. Further rate decisions are expected in October and December 2025.