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Happy Wednesday. This is TheStreet’s Stock Market Today for Sept. 17, 2025. You can follow the latest updates on the market here, our daily live blog.

Update: 7:56 a.m. ET

Stocks Flat Ahead of Fed Decision

Stocks are flat ahead of the highly-anticipated Federal Reserve interest rate announcement, which will be out at 2:30 p.m. ET. The S&P 500 (-0.07%), Nasdaq (-0.09%), Dow (+0.03%), and Russell 2000 (+0.08%) are all trading fairly flat ahead of the big decision, which will include some visibility into the central bank’s perspective on the timing of future cuts.

Economic Data

There’s a few data points due out today, such as Building Permits / Housing Starts, which will drop in short order. But most investors have already cleared their slate for the real event today this afternoon: the Fed’s interest rate decision. 

The market anticipates a 25 basis point (0.25%) cut, but a refreshed Dot Plot will show what can be expected from the central bank over the course of the next few meetings.

Here’s everything on the slate for today:

Economic data and events [Sept. 17, 2025]

Earnings Today: General Mills, Bullish, Manchester United

Per Nasdaq, there are 27 earnings reports due out today. However, there’s five of real consequence to most (market cap exceeding $1 billion. Among them are General Mills GIS, Bullish BLSH, and Manchester United MANU. Here are all five of those reports:

Earnings >$1 billion mkt cap [Sept. 17, 2025]