US Fed Meeting 2025 LIVE: US markets end mixed after US Fed Chair Jerome Powell dampens bet on December rate cut

US Fed Meeting 2025 LIVE: The Jerome Powell-led United States Federal Reserve (US Fed) announced a 25 basis point interest rate cut to the range of 3.75-4.00% after its two-day policy meeting on Wednesday, 29 October 2025.

The US Federal Reserve also said that the central bank will now be focusing on the balance of risk in the US economy, along with the evolving outlook and the incoming data, to further decide on the future route of the key interest rates.

“In support of its goals and in light of the shift in the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 3-3/4 to 4 per cent,” said the US Fed's FOMC in its official statement.

The October US Fed policy decision comes amid elevated consumer inflation in the country, where the CPI data rose to 3% in 12-month-ended on September 2025, compared to its earlier level of 2.9% in August 2025.

Experts anticipated that the US Fed is set to announce a further 25 basis point rate cut in today's policy outcome in efforts to support the growth of the US economy despite the ‘somewhat elevated’ inflation levels and the weakness in the labour market of the country.

In the US Fed's September policy outcome announced on 17 September 2025, the central bank decided to cut the key benchmark interest rate to the range of 4.00% to 4.25%, marking a 25 basis point rate cut.

“The committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4 to 4-1/4 per cent. In considering additional adjustments to the target range for the federal funds rate, the committee will carefully assess incoming data, the evolving outlook, and the balance of risks,” the US Fed said in its September policy outcome announcement.

The September 2025 rate cut marked the first interest rate reduction since December 2024, and also the first one since US President Donald Trump made his White House comeback earlier this year.

The US Fed's rate cut in September also raised the market's expectations that the central bank will reduce its key lending rates further in 2025, despite the ‘somewhat elevated’ level of inflation in the American economy.

Viewers around the world will be able to watch Jerome Powell's speech, which will be livestreamed on the official Federal Reserve website at (https://www.federalreserve.gov/).

People can tune in directly to the official YouTube Channel of the US Federal Reserve or follow the financial news flow and Mint's liveblog on the central bank's policy decision.

Follow all updates related to the US Fed's outcome at Mint.

Read all US stock market news here

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US Fed Meeting LIVE: Treasuries fell the most in nearly five months after Federal Reserve Chair Jerome Powell cast doubt on a December interest-rate cut. Rates on two-year notes — which are more sensitive to changes in expectations for monetary policy — jumped 11 basis points to 3.6%, the highest level in a month.

US Fed Meeting LIVE: Gold prices pared gains after Federal Reserve Chair Jerome Powell downplayed the likelihood of a December interest-rate cut. Spot gold rose 0.2% to $3,959.92 an ounce. in New York. Silver, platinum and palladium all gained. Bond yields and the dollar climbed.

US Fed Meeting LIVE: US stock market ended mixed on Wednesday after the US Federal Reserve cut interest rate but Fed Chair Jerome Powell said that another rate cut in December is far from assured.

The Dow Jones Industrial Average declined 74.37 points, or 0.16%, to 47,632.00, while the S&P 500 fell 0.30 points to 6,890.59. The Nasdaq Composite closed 130.98 points, or 0.55%, higher at 23,958.47.

US Fed Meeting LIVE: The US Federal Reserve Chairman Jerome Powell said the US labour market slowdown is mainly due to the sharp drop in immigration numbers, as President Trump cracks down on illegal immigrants.

“The supply of workers has dropped very sharply due to mainly immigration but also lower labour force participation. So, that means there's less need for new jobs, because there isn't this flow into the pool of labour that you know, where people need jobs, because there aren't those people now, so there's not a supply of workers showing up for jobs,” said Powell in his media address.

US Fed Meeting LIVE: US Federal Reserve Chairman Jerome Powell said that the increase in the US CPI inflation is due to the tariffs imposed by US President Donald Trump.

“You've seen goods prices increasing, and that's really due to tariffs, and that's due that's compared to a longer run trend of very, very mild deflation in goods. So that's moving inflation up…” said Jerome Powell in his media address.

The September 2025 CPI data showed that consumer inflation in the US economy has increased to 3%, compared to its August 2025 levels of 2.9%.

US Fed Meeting LIVE: US Federal Reserve Chairman Jerome Powell said that the market's prediction about a potential rate cut in December 2025 is not a ‘foregone conclusion’ and highlighted that the reality is “far from it.”

“A further reduction in the policy rate at the December meeting is not a foregone conclusion, far from it,” said Jerome Powell on Wednesday.

Chairman Powell also said that the FOMC team had ‘strongly different’ views and they have not made any decisions about a December rate cut.

“Strong views across the committee, there were strongly different views today. And the takeaway from that is that we haven't made a decision about December, and we're going to be looking at the data that we have, how that affects the outlook and the balance of risks,” said Powell in his address.

US Fed Meeting LIVE: US Federal Reserve Chairman Jerome Powell, in his media address, said that the infaltion og goods prices in the US economy has picked up as the central bank continues to track the economic indicator.

“Readings are higher than earlier in the year, as inflation for goods has picked up,” said Chair Powell in his media address.

US consumer inflation data released in October 2025 highlighted that the CPI inflation rose to 3% in 12-month-ended on September 2025, compared to its earlier level of 2.9% in August 2025.

US Fed Meeting LIVE: All eyes are now awaiting US Federal Reserve Chairman Jerome Powell's commentary on the FOMC's decision to cut the benchmark interest rates by 25 basis points in the October 2025 policy outcome released on 29 October 2025.

US Fed Meeting LIVE: The US Federal Reserve on Wednesday, 29 October 2025, said that the uncertainty related to the economic outlook of the United States still remains ‘elevated.’

“Uncertainty about the economic outlook remains elevated,” said the US Fed's FOMC in its October policy outcome.

US Fed Meeting LIVE: The US Federal Reserve's FOMC said that the job gains in the US economy have slowed in 2025; however, the unemployment rate in the country has risen, yet remains low through the month of August.

US Fed also kept its stance unchanged on the inflation factor and said that consumer inflation has increased and currently remains at a ‘somewhat elevated’ level.

“Job gains have slowed this year, and the unemployment rate has edged up but remained low through August; more recent indicators are consistent with these developments. Inflation has moved up since earlier in the year and remains somewhat elevated,” said the US Fed in its announcement on Wednesday.

US Fed Meeting LIVE: The US Federal Reserve's FOMC said that the central bank will now be focusing on the balance of risk in the US economy along with the evolving outlook and the incoming data to further decide on the future route of the key interest rates.

“In considering additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks,” said the FOMC in its official announcement.

US Fed Meeting LIVE: The US Federal Reserve's FOMC has announced a 25 basis point rate cut to bring down the key benchmark interest rates to 3.75%-4.00%.

US Fed Meeting LIVE: Jerome Powell-led FOMC cuts key interest rate to 3.75%-4.00% amid inflation concerns

US Fed Meeting LIVE: All eyes are now on the US Federal Reserve's policy outcome decision after their October meeting, as the FOMC is moments away from releasing the updates in key benchmark interest rates on Wednesday, 29 October 2025.

US Fed Meeting LIVE: US Federal Reserve Chairman Jerome Powell, after the September 2025 policy meeting outcome, said that the downside risks to employment in the US economy seem to have increased as the Fed projects the unemployment rate to be at 4.5% by the end of 2025.

“Labour demand has softened, and the recent pace of job creation appears to be running below the 'breakeven' rate needed to hold the unemployment rate constant,” said Fed Chair Jerome Powell.

“In this less dynamic and somewhat softer labour market, the downside risks to employment appear to have risen. In our SEP, the median projection for the unemployment rate is 4.5 per cent at the end of this year and edges down thereafter,” Powell said.

US Fed Meeting LIVE: The benchmark stock market indices hit a fresh record high after the opening bell on Wednesday, 29 October 2025, ahead of the US Federal Reserve's policy decision.

The Nasdaq Composite jumped 0.8% to a new record high of 24,019 points, the S&P 500 gained 0.4% to hit 6,920 points, while the Dow Jones Industrial Average jumped 0.7% to a record high of 48,040 points on Wednesday's market session.

US Fed Meeting LIVE: Market expert Harshal Dasani said that a Federal Reserve rate cut has the potential to ‘reprice risk assets’ across the sectors like equities, bonds, and commodities.

However, if the central bank implements another 25 basis points rate cut, then the move has the potential to start a policy easing phase, where markets will position another rate cut at the end of 2025.

“A cut this week would further lower U.S. yields, potentially softening the dollar and reviving capital flows into emerging markets such as India. For global investors, it also marks the beginning of a synchronised policy easing phase, which could reprice risk assets across equities, bonds, and commodities,” said Harshal Dasani, Business Head, INVAsset PMS.

US Fed Meeting LIVE: Stock market experts are anticipating that the US Federal Reserve is likely to cut its key benchmark interest rates by 25 basis points in the upcoming policy meeting.

“There is a growing possibility that the US Federal Reserve may cut the benchmark interest rate by 25 basis points in the upcoming policy following the recent decline in inflation. Equity markets appear to have largely priced in the potential rate cut, as reflected in the recent upward movement,” market expert, Avinash Gorakshakar, told Mint.

US Fed Meeting LIVE: US Federal Reserve Chairman Jerome Powell is set to start his press conference at 2:30 p.m. (EDT) to announce the FOMC's policy decision and the economic outlook for the US economy.

People from India will be able to watch Powell speak at 12:00 a.m. (IST), according to the official data.

US Fed Meeting LIVE: The US Federal Reserve's September 2025 projections shows that the median projection for total PCE inflation stood at 3% in 2025.

The inflation level can potentially drop to 2.6% in 2026, and 2.1% in 2027, hence this shows that the US central bank does not expect the key inflation rate to drop under the 2% target in the next two years.

“Near-term measures of inflation expectations have moved up, on balance, over the course of this year on news about tariffs, as reflected in both market- and survey-based measures. Beyond the next year or so, however, most measures,” said Jerome Powell.

US Fed Meeting LIVE: The Federal Reserve's FOMC expects that there is a possibility that the key interest rates will come down to 3.6% by the end of 2025. However, the Federal Reserve in its September policy meeting positioned itself to access the incoming data and situation in the US economy before cutting rates further.

“The median participant projects that the appropriate level of the federal funds rate will be 3.6% at the end of this year, 3.4% at the end of 2026, and 3.1% at the end of 2027. This path is 1/4 percentage point (25 bps) lower than projected in June,” said Chairman Jerome Powell.

US Fed Meeting 2025 LIVE: The US Federal Reserve, in its September 2025 policy meeting outcome, said that the inflation in the US economy has moved up and remains at a ‘somewhat elevated’ level.

The US central bank also highlighted that the job growth in the American economy has slowed down. Although the unemployment rate has increased, the number still remains ‘low.’

“Recent indicators suggest that the growth of economic activity moderated in the first half of the year. Job gains have slowed, and the unemployment rate has edged up but remains low. Inflation has moved up and remains somewhat elevated,” said the Federal Reserve in its September policy outcome announcement.

US Fed Meeting LIVE: US Federal Reserve is set to announce its benchmark policy outcome at 2 p.m. (EDT) in the United States, and for the people who will be awaiting the decision from India, the outcome will be announced at the official website at 11:30 p.m. (IST) on Wednesday, 29 October 2025.

US Fed Meeting 2025 LIVE: The US Federal Reserve will announce its two-day policy meeting outcome on Wednesday, 29 October 2025. The Fed's FOMC committee will disclose any potential change in their stance for the US economy in the announcement.

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