**[Next Week's Macro Outlook: Fed Rate Cut "Set in Stone," Hawk-Dove Debate Draws Attention]** BlockBeats News, December 6: The Federal Reserve's final interest rate meeting of the year will take place next week, with the hawk-dove debate drawing significant attention. The Fed is set to announce its rate decision at 3:00 AM (UTC+8) on Thursday, followed by a monetary policy press conference held by Fed Chair Jerome Powell at 3:30 AM (UTC+8). According to CME FedWatch, there is an 84% probability of a 25 basis point rate cut next week. The upcoming Fed meeting is expected to be one of the most contentious in recent years, with investors focusing on the divisions among policymakers regarding the rate cut outlook and the signals Fed Chair Powell may provide about the future direction of policy. Among the 12 voting members of the Federal Open Market Committee (FOMC), five have expressed opposition or skepticism toward further monetary easing, while three members of the Board of Governors support the rate cut. Since 2019, the FOMC has not seen three or more dissenting votes at any meeting, making the dissenters closely watched. Key macro data and events are as follows: **Tuesday:** - Reserve Bank of Australia (RBA) announces its rate decision; RBA Governor Bullock holds a monetary policy press conference. **Wednesday:** - U.S. Q3 Labor Cost Index (quarterly rate); Bank of Canada announces its rate decision. **Thursday:** - Federal Reserve FOMC announces rate decision and Summary of Economic Projections; Fed Chair Powell holds a monetary policy press conference. - U.S. Initial Jobless Claims for the week ending December 6. **Friday:** - Federal Reserve releases U.S. household financial health data from the Q3 2025 Financial Accounts report. - 2026 FOMC voting member and Philadelphia Fed President Harker delivers a speech on the economic outlook. - 2026 FOMC voting member and Cleveland Fed President Mester delivers a speech. - Chicago Fed President Goolsbee participates in a moderator dialogue ahead of the Chicago Fed's 39th Annual Economic Outlook Symposium. **Holiday Reminder:** Due to Christmas Eve, the New York Stock Exchange (NYSE) will close early at 2:00 AM Beijing time on Wednesday, December 25. On Thursday, U.S. stocks, multiple European stock markets, South Korean stocks, and Australian stocks will all be closed. Trading of precious metals, crude oil, forex, and stock index futures contracts under CME Group, as well as Brent crude oil futures contracts under ICE (Intercontinental Exchange), will be suspended for the entire day.