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POWELL-LED FOMC SLASHES RATES BY 25 BPS

The Free Press Journal - Mumbai

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September 18, 2025

The US central bank's Federal Open Market Committee (FOMC), led by Chairman Jerome Powell announced a benchmark interest rate cut at 4%-4.25% today, following its two-day meeting from September 16 to September 17, Mint reported.

- FPJ News Service

The Federal Reserve is anticipated to announce the principal interest rates amid a significant decline in United States economic data, particularly within the labour market, thereby increasing forecasts that the central bank will decrease its benchmark interest rate by 25 bps.

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