Stock Market Today: Stocks higher to start week in anticipation of Fed Meeting

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Happy Monday. This is TheStreet's Stock Market Today for Sept. 15, 2025. You can follow the latest updates on the market here, our daily live blog.

Update: 7:02 a.m. ET

Market Check-In

As of now, U.S. stock futures are ticking up to start the week. The Russell 2000 (+0.32%) is leading the run higher, while the Dow (+0.17%), S&P 500 (+0.16%), and Nasdaq (+0.06%) aren't far behind. 

Gold (-0.27%) is modestly lower. The 10Y Treasury is up 1.2 basis points to 4.072%. The Cboe Volatility Index (+2.3%) is moderating.

FOMC Week Begins

Good morning. In recent weeks, investors have gotten to see a lot of data — whether it's inflation, labor market, or other confounding indicators. Now, they'll see how the Fed feels about it. 

Tomorrow, the Fed will begin its two-day long Federal Open Market Committee meeting, where the central bank is anticipated to cut interest rates for the first time since Dec. 2024. Expected to be split three ways, many Fed leaders are likely to prefer a 25 basis point (0.25%) cut, a smaller minority will likely prefer a 50 bp (0.50%) cut or no action at all.

Whatever they decide, it's likely to mean a subdued reaction from the market, which has spent recent months pricing in the Fed's return to easing. Many analysts have warned that the recent cuts are 'priced in' and the Fed cut could end up being a "sell the news" event. 

Related: JPMorgan warns of possible market pullback as Fed cut looms

In any case, high expectations still remain for the Fed. Between now and year end, some analysts like Morgan Stanley  (MS)  have been pricing for three rate cuts, which would bring the current headline rate from 4.25% to 4.5% range to a more moderated 3.75% to 4%. 

Everything Else Happening This Week

Aside from the FOMC, this week is bound to be quieter, as investors say goodbye to Q2. In reports of real consequence (>$1 billion market cap), we can expect reports from Ferguson PLC FERG (Tues), General Mills  (GIS)  (Wed), Fedex  (FDX) , Lennar  (LEN) , Darden Restaurants  (DRI) , and FactSet FDS (Thurs).

Aside from those earnings stragglers, the market can expect Retail Sales (Tues), Building Permits/Housing Starts (Wed), Initial/Continuing Jobless Claims (Thurs), and other key economic data readouts this week. These prints will continue to offer clues of what we might expect for the Fed with its two remaining FOMC meetings this year, where they are currently expected to embrace more cuts.