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- Fed expected to cut rates by 25 bps today at 2 PM ET
Fed expected to cut rates by 25 bps today at 2 PM ET
Bay Area Times
September 17, 2025
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Top stories today:
- Fed expected to cut rates by 25 bps today at 2 PM ET
- TikTok deal said to give Oracle, Silver Lake, a16z 80% U.S. stake
- OpenAI announces “different ChatGPT experience” for teens
- xAI’s Grok 5 has shot at AGI, Elon says
- Figure AI raises $1B+ at $39B valuation in Parkway-led round
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. Fed expected to cut rates by 25 bps today at 2 PM ET
Markets expect 3 consecutive 25 bps cuts:
1st 2025 cut, after three between Sep.-Dec. 2024.
2:30 PM ET: Fed Chair Powell speaks at the FOMC press conference after the meeting ends.
The meeting comes after months of Trump’s attacks on the Fed over rates and legal dramas raising doubts about attendance.
The revision will be influenced by the ongoing slowdown in U.S. job growth
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3. TikTok deal framework said to give Oracle, Silver Lake, a16z 80% U.S. stake
Chinese shareholders would hold the remainder, per discussions in Madrid this week.
A new TikTok app for U.S. users is reportedly in testing.
TikTok engineers would recreate content-recommendation algorithms for the U.S. app.
Oracle would manage user data at its facilities in Texas.
Final deal details are still being worked out.
Dec. 16: Trump set as the new TikTok deal deadline after the latest Wed. cutoff slipped.
China called the deal a “win-win” and said it would review TikTok’s tech and IP transfers.
