Fed Rate Decision Next Week Shows 84% Odds for 25bp Cut as FOMC Splits
The Federal Reserve will announce its rate decision at 03:00 UTC+8 next Thursday, followed by Chair Jerome Powell's press conference at 03:30 UTC+8, with CME FedWatch data showing an 84% probability of a 25 basis point cut. Among the 12 voting members of the Federal Open Market Committee, five have expressed opposition or skepticism toward further monetary easing while three Board governors support the reduction, marking the most divided stance since 2019. Key economic data releases include Australia's RBA rate decision on Tuesday, U.S. third-quarter labor cost index and Canada's rate decision on Wednesday, U.S. initial jobless claims on Thursday, and speeches by Fed officials on Friday including 2026 FOMC voters Harker and Hammack.