The Federal Reserve 25 bps cut sends markets on fire – SEP, Powell's speech and Market reactions

[Ben Graham]

The much expected FOMC cut finally took place, and it is offering a lot of action throughout markets. The rate is now officially at 4.25% (Between 4% to 4.25%).

An additional 50 bps is planned by the FED for the rest of the year.

As expected Miran dissented for a 50 bps, the dot plot is a bit more dovish than expected.

After the volatile past few days, particularly in FX markets and commodities, [...] took the seat of the most violent movements.

You can access the official FOMC statement right here.

Summary of Economic Projections can be found right here.

Also do not forget to log in at 14:30 E.T. to Jerome Powell's Live Press conference through this link.

Let's take a look at a few key charts to spot what changed amid this volatility:

September 2025 Summary of Economic Projections

Summary of Economic Projections, Federal Reserve, September 17

You can access our previous post to see how to read the changes in the SEP.

Read More: Bank of Canada cuts rates to 2.50%, FOMC coming up!— North American mid-week Market update

Live Market reactions across Markets

Post-FOMC release Market Snapshot – September 17, 2025 – Source: TradingView

More details on the most volatile assets:

Watch out for the Press conference which also offers a lot of volatility!

S&P 500 moves higher but rejects highs

S&P 500 1H Chart, September 17, 2025 – Source: TradingView

Gold hesitant rally

Gold 1H Chart, September 17, 2025 – Source: TradingView

The US Dollar slides further to new 2025 lows

Dollar Index 1H Chart, September 17, 2025 – Source: TradingView

US Treasuries hesitant rally

US 10Y Bonds 1H Chart, September 17, 2025 – Source: TradingView

Safe Trades ahead of the Powell Press Conference!

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