Federal Reserve Chairman Jerome Powell.
The US Federal Reserve, chaired by Jerome Powell, announced the results of its two-day meeting on Wednesday, in which the central bank kept the interest rate stable. The FOMC said, in support of its goals, the committee has decided to maintain the target for the federal funds rate between 3-1/2 to 3-3/4 percent.
The Federal Open Market Committee (FOMC) considers various economic indicators such as inflation trends and labor market conditions before announcing interest rates. Fed Chairman Jerome Powell will soon issue a statement and address a press conference.
Key expectations from the Federal Reserve
Market experts were expecting the US Federal Reserve to keep interest rates steady after its two-day policy meeting on Wednesday, although media reports indicated pressure from the Trump administration to cut interest rates.
December meeting of the Federal Reserve
In the last FOMC meeting, it was decided to cut key benchmark interest rates by 25 basis points on Wednesday, December 10, 2025. Amid high inflation and weak job market in the US, the Fed decided to reduce the interest rate to 3.50%-3.75%, which reflects a rate cut of 25 basis points on December 10, 2025. Now all eyes are on the US Federal Reserve’s FOMC and Chairman Jerome Powell, because the central bank is about to announce its policy decision.