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Fed Interest Rate Decision, December 2025

The Federal Reserve lowered the federal funds rate 25 bp to 3.50%–3.75% on December 10, 2025, as expected.

Decision3.50%–3.75%▼ cut −25 bp
Against expectedAs expectedexpected 3.50%–3.75%
Previous3.75%–4.00%federal funds rate
EUR/USD one hour later +23 pips from the last price before
The result

What the Fed decided in December 2025

The move −25 bp Cut 25 bp to 3.50%–3.75%, from 3.75%–4.00%.
Against expected No surprise Economists expected: cut 25 bp to 3.50%–3.75%. The decision was as expected.
The dots 3.6% In December the median official saw the rate at 3.6% at the end of 2025 (the range 3.50%–3.75%: no change from here), then 3.4% in 2026 and 3.1% in 2027, and 3.0% in the longer run.
Timing 2:00 PM EST Wednesday, December 10, 2025; press conference at 2:30 PM EST.
What price did

EUR/USD after the Fed decision, minute by minute

One-minute candles, New York time. The box is the hour before the announcement. How we measure.

EUR/USD one-minute chart around the Federal Reserve decision of Dec 10, 2025 The hour before the 14:00 announcement ranged 7.4 pips. The first spike went above it by 20 pips, and a five-minute candle closed back inside after 45 minutes. 1.166 1.168 1.170 13:00 13:30 14:00 14:30 15:00 15:30 THE HOUR BEFORE Fed 14:00 PRESS CONF. Spike 1.16810 · 20 pips past the hour's high Closed back inside · 45 min
  1. The hour beforeEUR/USD ranged 7.4 pips, from 1.16535 to 1.16609, and was at 1.16552 at the announcement.
  2. The first spike After 0 minutes price went through the hour's high and ran 20 pips past it.
  3. The close back A five-minute candle closed back inside the range after 45 minutes.
  4. The other side Price then traded through the opposite edge of the range within four hours.
  5. The moves From the last price before the announcement: +14 pips at 15 minutes, +23 pips at one hour, +40 pips at four hours.
For context

Across 15 measured Fed decisions since January 2025, the first spike closed back inside the hour-before range within 60 minutes in 11 (73%), and in 10 of those price then took the other side within four hours. In the other 4 the first move held. Median move in the first 15 minutes: 25 pips.

This decision is one of the closed-back cases. Counts include the decisions where it did not close back. All Fed dates · Fed overview.

← Previous decisionFed, October 2025Cut 25 bp to 3.75%–4.00% Next decision →Fed, January 2026Wed, Jan 28, 2:00 PM EST
Questions

Fed December 2025 decision: questions

What time was the Fed interest rate decision on Dec 10, 2025?

It was announced at 2:00 PM EST (7:00 PM London London, 4:00 AM Tokyo Tokyo), with the press conference at 2:30 PM EST.

What did the Fed decide in December 2025?

Cut 25 bp to 3.50%–3.75% (previous 3.75%–4.00%). Economists expected: cut 25 bp to 3.50%–3.75%, so the decision was as expected.

How did EUR/USD react to the Fed decision in December 2025?

On one-minute candles: the hour before ranged 7.4 pips; the first spike went above it by 20 pips; a five-minute candle closed back inside after 45 minutes; after one hour EUR/USD was +23 pips from its pre-announcement price.

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