FOMC · October 29, 2025 · 14:00 ET
FOMC Rate Decision
Released
FOMC Rate Decision was released on October 29, 2025 (14:00 ET): Target Range Upper came in at 4%, vs 4.25% prior.
| Metric | Prior | Actual |
|---|---|---|
| Target Range Upper | 4.25% | 4% |
| Target Range Lower | 4% | 3.75% |
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What the statement says
FOMC cut the federal funds rate by 25 bps on October 29, 2025, and confirmed ending balance sheet reduction on December 1
- Lowered the target range for the federal funds rate by 1/4 percentage point to 3-3/4 to 4 percent
- Decided to conclude the reduction of its aggregate securities holdings on December 1, 2025
- Noted that inflation has moved up since earlier in the year and remains somewhat elevated; downside risks to employment rose in recent months
- Stated it will carefully assess incoming data, the evolving outlook, and the balance of risks in considering additional adjustments to the target range
- Two members dissented: Stephen I. Miran preferred a 1/2 percentage point cut; Jeffrey R. Schmid preferred no change
AI-generated summary of the official text. The official statement is authoritative. Not investment advice.
Figures as published by the official source, which is authoritative. Not investment advice.