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On September 16, 2025, the S&P 500 Index is down 0.15%, the Dow Jones down 0.36%, and the Nasdaq 100 down 0.10%, coinciding with the start of a 2-day Federal Open Market Committee (FOMC) meeting. US retail sales for August rose 0.6%, surpassing expectations of 0.2%, and August manufacturing production unexpectedly increased by 0.2%. The markets are currently pricing in a 100% chance of a 25 basis point rate cut at the conclusion of the FOMC meeting.
As the FOMC meeting progresses, projections indicate a total of 68 basis points in cuts by year-end, with an anticipated fall in the federal funds rate to 3.65%. This aligns with expectations driven by weaker labor market news and consistent inflation reports.
Overseas, the Euro Stoxx 50 is down 0.86%, while the Japanese Nikkei 225 closed up 0.30%. In the US stock market, notable gainers include ON Semiconductor (up more than 2%) and APA Corporation (up more than 4%) amidst rising crude oil prices, while Warner Bros Discovery leads losses, down over 8% following a downgrade.
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