Nowflation › Release calendar › FOMC decision, October 29, 2025

FOMC decision, October 29, 2025: Cut 25bps — Graded

Countdown

Released Wednesday, October 29, 2025 at 2:00 PM ET. Graded below.

What to watch

Fed funds target range: 4.00%–4.25% (the range set at the previous meeting) going in.
Effective fed funds rate: 4.12% on October 28, 2025 (EFFR, the last reading before the meeting).
Nowflation: no Fed call. The markets are shown with their dates; the decision is graded from the effective rate after the meeting.

The Nowflation call

Nowflation makes no FOMC call. The markets are shown with their dates; the decision is graded from the effective rate after the meeting.

Competing forecasts

No competing forecast on the tape for this release.

Grading

Decision: Cut 25bps (EFFR 4.12% on October 28, 2025 → 3.87% on October 30, 2025; target range 3.75%–4.00%). Source: the effective fed funds rate (EFFR) before vs after the meeting, in 25bp steps.