As investors prepare for another pivotal policy update, many are asking what time is the Fed announcement today and what it could mean for markets and borrowing costs across the United States. The Federal Reserve is scheduled to release its latest interest rate decision at 2:00 p.m. Eastern Time today, October 29, 2025.
This highly anticipated announcement will be followed by a press conference with Federal Reserve Chair Jerome Powell at 2:30 p.m. ET, streamed live on the Federal Reserve’s official website and major financial networks such as CNBC and Bloomberg TV.
The decision comes at a critical time as inflation pressures continue to ease slightly, while the U.S. economy shows moderate growth and a steady labor market.
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When and How to Watch the Fed Announcement
For those wondering specifically what time is the Fed announcement today, the details are clear:
| Event | Time (Eastern) | Details |
|---|---|---|
| Federal Reserve Statement Release | 2:00 p.m. | Official announcement on interest rates and policy direction |
| Fed Chair Jerome Powell Press Conference | 2:30 p.m. | Powell explains the decision and answers media questions |
| Market Close | 4:00 p.m. | Markets react to announcement throughout the afternoon |
You can watch the event live on:
- The Federal Reserve’s official YouTube channel
- Bloomberg, CNBC, and Fox Business
- Major U.S. financial news websites providing real-time coverage
Investors, analysts, and everyday Americans alike are watching closely, as today’s meeting will influence everything from mortgage rates to credit card interest charges and stock market direction.
What Markets Expect From the Federal Reserve
Heading into the October meeting, Wall Street broadly expects the Federal Reserve to hold interest rates steady for a fifth consecutive time. The current target range for the federal funds rate stands at 5.25% to 5.50%, the highest level in over two decades.
According to data from the CME FedWatch Tool, as of this morning, traders priced in a 92% probability that the Fed will keep rates unchanged. Only 8% expect a rate cut, reflecting continued caution amid lingering inflation risks.
Fed officials have signaled in recent weeks that while inflation has improved from its 2022 peaks, the central bank wants stronger evidence of sustained price stability before reducing borrowing costs.
Inflation Trends Leading Into Today’s Decision
Recent inflation data gives mixed signals. The Consumer Price Index (CPI) for September rose 3.1% year over year, slightly below August’s 3.3%. Meanwhile, core inflation, which excludes volatile food and energy prices, slowed to 2.8%, the lowest in nearly three years.
These numbers suggest progress toward the Fed’s 2% target, but not enough for policymakers to declare victory. The Federal Reserve’s preferred inflation measure — the Personal Consumption Expenditures (PCE) Price Index — also remains above 2%, though trending lower.
Because of these trends, analysts believe the Fed will maintain a “wait-and-see” approach through the remainder of 2025, watching whether inflation continues to cool without damaging the broader economy.
Jerome Powell’s Recent Remarks
In his recent speeches, Fed Chair Jerome Powell has emphasized patience and data dependence. During a recent event in New York, Powell noted that while inflation has fallen significantly, risks remain.
“We’re making real progress,” Powell said. “But restoring price stability will require continued attention and confidence that inflation is truly returning to target.”
His remarks suggested no immediate urgency to change interest rates, aligning with today’s market consensus that no move is expected. However, investors will watch Powell’s tone closely during the press conference for any clues about the Fed’s next move in December or early 2026.
Impact on Everyday Americans
The Fed’s decision doesn’t just move markets — it affects daily life. When rates remain high, borrowing costs increase for:
- Homebuyers: Mortgage rates hover near 7%, limiting housing affordability.
- Credit Card Users: Average interest rates have risen above 20%, according to Bankrate.
- Auto Loans: New car financing rates exceed 8%, keeping monthly payments high.
However, there are benefits for savers. High-yield savings accounts and certificates of deposit (CDs) continue offering returns above 5%, rewarding those with cash reserves.
Therefore, the timing and tone of today’s announcement could influence both spending behavior and investor sentiment ahead of the holiday shopping season.
Stock Market and Bond Market Reactions
Before the announcement, major stock indexes opened cautiously. As of midday trading:
- The Dow Jones Industrial Average was flat.
- The S&P 500 rose 0.3%.
- The Nasdaq Composite gained 0.4%, led by tech stocks.
Bond yields have remained steady, with the 10-year Treasury yield around 4.58%. Traders expect volatility to increase immediately after the 2:00 p.m. release, depending on the Fed’s language in its policy statement.
Market participants often parse every word of the Fed’s communication for hints about future rate moves. Even a single phrase — such as a shift from “proceeding carefully” to “monitoring closely” — can move markets dramatically.
Economic Growth and Jobs Picture
The broader U.S. economy remains resilient despite higher rates. The latest Gross Domestic Product (GDP) report showed growth of 2.1% in the third quarter, supported by consumer spending and strong business investment.
Meanwhile, the unemployment rate stands at 3.9%, consistent with near full employment. Job creation continues, though at a slower pace than last year.
Economists believe this balance allows the Fed to keep rates steady without derailing the expansion. However, any new signs of weakness — such as falling retail sales or slower hiring — could push policymakers toward a rate cut in 2026.
What Analysts Will Watch During the Fed Press Conference
When Powell speaks at 2:30 p.m. ET, analysts will focus on several key points:
- Tone toward inflation: Does Powell sound confident or cautious about price progress?
- Economic outlook: Are there concerns about slowing growth or job softness?
- Future rate cuts: Will he hint at when the first cut might occur?
- Balance sheet policy: Any updates on reducing the Fed’s asset holdings?
Even subtle language changes can influence market expectations. For example, if Powell acknowledges “further disinflation progress,” investors might interpret that as a signal that cuts are approaching in early 2026.
What to Expect After the Announcement
Immediately following the Fed announcement at 2:00 p.m., financial markets will likely react quickly. Stock indexes could fluctuate sharply as traders interpret the decision and Powell’s comments.
Bond yields might decline slightly if the Fed sounds more dovish, or rise if officials maintain a tougher stance on inflation. The U.S. dollar, meanwhile, could strengthen or weaken depending on expectations for future interest rate changes.
For consumers, no immediate change will occur today. However, expectations for lower rates in 2026 could soon influence mortgage, auto, and personal loan offers nationwide.
Closing Thoughts
The question on everyone’s mind — what time is the Fed announcement today — underscores the importance of Federal Reserve decisions in daily American life. Whether you’re a homeowner, business owner, or investor, the Fed’s actions shape the cost of money and the pace of the economy.
As Chair Jerome Powell takes the stage this afternoon, his words will set the tone for the next several months of U.S. economic policy. Stay tuned for official updates, and share your thoughts below on how you think today’s decision will impact you.