The key upcoming Federal Reserve meetings this month.
The main Federal Open Market Committee (FOMC) meeting will be held over two days on October 28-29, 2025. This is the critical policy-making meeting where interest rate decisions and monetary policy updates are announced.
Market consensus expects a 25 basis points (0.25%) interest rate cut at this meeting, potentially bringing the federal funds rate down to a range of 3.75% to 4.00%.
This will be the penultimate FOMC meeting for 2025, with the final scheduled meeting on December 9-10, 2025, where another rate cut is also anticipated.
Prior to the FOMC meeting, a consumer price index (CPI) report update is scheduled for October 24, which will be closely watched for its impact on the Fed's decisions.
There was also a closed Board of Governors meeting on October 14, 2025, but the October 28-29 FOMC meeting remains the primary event for market participants this month
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