Just few hours
The December 2025 FOMC meeting was a two-day policy meeting held on Tuesday, December 9, and Wednesday, December 10, 2025. The Federal Reserve announced its policy decision at 2:00 p.m. EDT on December 10, with a press conference by Chair Jerome Powell at 2:30 p.m. EDT.
Key Details and Expectations
Date and Time: The meeting concluded today, December 10, 2025. The decision was announced at 2:00 p.m. EDT, followed by a press conference at 2:30 p.m. EDT.
Expected Rate Cut: Markets widely anticipated a 25-basis-point (0.25%) interest rate cut, which would be the third such cut in 2025 following previous reductions in September and October. This would bring the federal funds target range down to 3.50%–3.75% from the previous 3.75%–4.00% range.
Summary of Economic Projections (SEP): Alongside the rate decision, the FOMC was scheduled to release its updated Summary of Economic Projections (SEP), which includes the "dot plot" of members' future interest rate expectations. The previous SEP from September indicated only one rate cut for 2026, so any changes to this outlook are being closely watched by investors.
Market Focus: The primary market focus is not just on the immediate rate cut, which was largely priced in (with an approximately 87% probability according to the CME FedWatch Tool), but on Chair Powell's commentary during the press conference and the SEP to gauge the future path of monetary policy into 2026.
Committee Divisions: The committee remains notably divided, with some members favoring continued easing to support a softening labor market, and others preferring a more cautious approach due to inflation remaining above the 2% target. This division was expected to be evident in the meeting's dissents.
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