what did the feds do with interest rates today

Today, September 17, 2025, the Federal Reserve cut its key interest rate by a quarter percentage point (25 basis points) to a range of 4.00% to 4.25%. This is the first rate cut of the year, signaling a shift in monetary policy due to signs of a weakening labor market and concerns about economic growth. The Fed also indicated plans for two more rate cuts before the end of the year to support employment and address uncertainties in the economic outlook. This decision was made with broad internal support except for one dissenting vote that favored a larger half-point cut. The move reflects a balance between controlling inflation, which remains somewhat elevated, and supporting maximum employment.