It's the last Fed meeting of the year
The Federal Reserve will announce its December interest rate decision at 2 p.m. ET Wednesday. Business Insider will be covering developments live throughout the day, including economists' insights, market moves, and what it means for your wallet.
Check back here for updates — and tune into our live Q&A with reporters this afternoon at 4 p.m. ET.
Today is the Fed's last decision of 2025
Fed leaders have kept monetary policy moderately restrictive in recent months, holding rates steady until September before introducing two quarter-point cuts.
Chair Jerome Powell said in the last meeting that a rate change in December is "not a foregone conclusion, far from it" and "policy is not on a preset course," though on Wednesday morning, CME FedWatch is showing a roughly 90% chance of another quarter-point reduction.
Investors and consumers are hopeful for more cuts. Americans could see more affordable mortgage, auto, and credit card rates in the new year, and businesses would be able to borrow money more easily — a move that could juice the sluggish job market.
The post Fed meeting updates: Federal Reserve to decide on interest rate cut at final 2025 meeting appeared first on Business Insider
