when is interest rate announcement

The latest Federal Reserve interest rate announcement was made on Wednesday, September 17, 2025, at 2:00 PM Eastern Time (6:00 PM UTC). The Fed announced a quarter-point interest rate cut, reducing the federal funds rate target range to 4.00%–4.25%. Following the announcement, Fed Chair Jerome Powell held a press conference at 2:30 PM ET (6:30 PM UTC) to discuss the decision and economic outlook. This was the first rate cut since December 2024, and the Fed signaled the possibility of additional cuts later in 2025.