when is rate cut announced

The most recent rate cut was announced by the U.S. Federal Reserve on September 17, 2025, at 2 p.m. ET. This marked the first rate cut of the year, reducing the key interest rate by a quarter percentage point to a range of 4.00% to 4.25%. The Fed also indicated the likelihood of two more rate cuts later in the year, possibly in October and December, in response to a slowing labor market and other economic challenges.