By Tom Burnett CFA
On December 10, 2025, the Federal Open Market Committee (“FOMC”) decided to lower the range of the Fed Funds rate by one-quarter of a point. The new range is 3.5-3.75%. The vote to make this change was 9-3, with two members voting for no change and one member voting for a reduction of 50 basis points. The FOMC also announced that it would be increasing its holdings of Treasury bills to insure that the banking system is working with an adequate supply of bank reserves over the Holiday season.
The next FOMC meeting is scheduled for January 28, 2026.
Tom Burnett CFA is Director of Research