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After months of speculation and intense pressure by President Trump, Federal Reserve Chair Jerome Powell announced on Wednesday, Sept. 17, that the central bank would cut interest rates by 25 basis points.
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Dow closes up 250 points, S&P 500 inches lower after Fed delivers widely expected rate cut: Live updates CNBCStock market today: S&P 500, Nasdaq slip as Federal Reserve ushers in first rate cut of 2025 Yahoo FinanceWhy stocks are falling as the Fed issues its first rate cut of 2025 Business InsiderFed Meeting Today: Interest Rates Cut by a Quarter-Point; Dow Closes Higher — Live Updates The Wall Street Journal
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