how much did the fed cut rates

The Federal Reserve cut interest rates by 0.25 percentage points (25 basis points) on September 17, 2025. This cut lowered the benchmark rate to a range of 4.00% to 4.25%. It was the first rate cut of 2025, and the Fed indicated plans for two additional rate cuts later in the year due to signs of weakening in the labor market and economic uncertainties.