Multiple sources reporting on the September 17, 2025 FOMC decision show that the Federal Reserve reduced the federal funds target range from 4.25%–4.50% to 4.00%–4.25%, a cut of 25 basis points. (cbsnews.com) This was explicitly described as the first rate cut since December 2024 and is tied to the September 16–17, 2025 FOMC meeting noted in the Fed’s own calendar and subsequent minutes. (federalreserve.gov) That outcome matches Jason’s prediction that “The Federal Reserve will reduce its policy rate by 25 basis points at the September 2025 FOMC meeting.”