US Fed Meeting Underway: Rate Cut Expected, Powell to Speak

• The US Federal Reserve's FOMC meeting began December 9, 2025, to decide benchmark interest rates.
• The policy outcome will be announced December 10, 2025, at 2 p.m. EDT.
• Markets anticipate an 89.6% probability of a 25 basis point rate cut, lowering the federal funds target to 3.50%–3.75%.
• Fed Chair Jerome Powell will hold a press conference at 2:30 p.m. EDT on December 10, 2025.
• In October, the Fed cut rates by 25 basis points to 3.75%–4.00%.

Why It Matters: US Fed's rate decision impacts global financial markets and economies.