The Fed’s next interest rate decision is scheduled for Wednesday, December 10, 2025, at 2:00 p.m. Eastern Time (7:00 p.m. UTC). Markets widely expect another quarter-point rate cut at that meeting, though it is not guaranteed.
Next decision date
The Federal Open Market Committee (FOMC) meets eight times a year, with its final 2025 meeting set for December 9–10. The interest rate decision and statement are released at 2:00 p.m. Eastern Time on December 10.
Rate cut expectations
Analysts and futures markets currently assign a high probability to a further 0.25 percentage-point cut at the December 10 meeting. That move would likely lower the federal funds target range to about 3.5%–3.75%, marking a third consecutive cut in 2025.
