InterestRateDecision ECB in 14h 57m
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Fed Interest Rate Decision, October 2025

The Federal Reserve lowered the federal funds rate 25 bp to 3.75%–4.00% on October 29, 2025, as expected.

Decision3.75%–4.00%▼ cut −25 bp
Against expectedAs expectedexpected 3.75%–4.00%
Previous4.00%–4.25%federal funds rate
EUR/USD one hour later −53 pips from the last price before
The result

What the Fed decided in October 2025

The move −25 bp Cut 25 bp to 3.75%–4.00%, from 4.00%–4.25%.
Against expected No surprise Economists expected: cut 25 bp to 3.75%–4.00%. The decision was as expected.
Timing 2:00 PM EDT Wednesday, October 29, 2025; press conference at 2:30 PM EDT.
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 Oct 29, 2025 The hour before the 14:00 announcement ranged 13 pips. The first spike went below it by 62 pips, and did not close back inside within the hour. 1.158 1.160 1.162 1.164 1.166 13:00 13:30 14:00 14:30 15:00 15:30 THE HOUR BEFORE Fed 14:00 PRESS CONF. Spike 1.15839 · 62 pips past the hour's low
  1. The hour beforeEUR/USD ranged 13 pips, from 1.16456 to 1.16589, and was at 1.16472 at the announcement.
  2. The first spike After 0 minutes price went through the hour's low and ran 62 pips past it.
  3. The close back No five-minute candle closed back inside the range within the hour: the first move held.
  4. The other side Not measured: it needs a close back first.
  5. The moves From the last price before the announcement: −12 pips at 15 minutes, −53 pips at one hour, −45 pips at four hours.
For context

Across 14 measured Fed decisions since January 2025, the first spike closed back inside the hour-before range within 60 minutes in 10 (71%), and in 9 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: 26 pips.

This decision is one where the first move held. Counts include the decisions where it did not close back. All Fed dates · Fed overview.

Questions

Fed October 2025 decision: questions

What time was the Fed interest rate decision on Oct 29, 2025?

It was announced at 2:00 PM EDT (6:00 PM London London, 3:00 AM Tokyo Tokyo), with the press conference at 2:30 PM EDT.

What did the Fed decide in October 2025?

Cut 25 bp to 3.75%–4.00% (previous 4.00%–4.25%). Economists expected: cut 25 bp to 3.75%–4.00%, so the decision was as expected.

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

On one-minute candles: the hour before ranged 13 pips; the first spike went below it by 62 pips; it did not close back inside within the hour; after one hour EUR/USD was −53 pips from its pre-announcement price.

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