The annual closing battle of the Federal Reserve is almost certain to see a hawkish interest rate cut BlockBeats News: On December 10th, at 3am Beijing time tonight, the Federal Reserve will announce its final interest rate decision of the year, revealing its difficult choices amid a data vacuum and internal divisions. The expected interest rate cut this time may be accompanied by vague statements about next year's interest rate path, even leaning towards hawks. In addition to the expected interest rate cuts, investors currently expect the Federal Reserve to implement two more 25 basis point rate cuts before the end of 2026, keeping the benchmark interest rate in the 3.00% -3.25% range. Michael Feroli, Chief US Economist at JPMorgan Chase, stated that the hawkish views emerging among regional Fed chairs may keep the 2026 interest rate outlook consistent with September - even if the expected rate cut support for this week is already low and the threshold for further rate cuts has been raised. Feroli stated that the new interest rate forecast will "reflect unease about interest rate cuts," and the policy statement may adjust its wording to "imply a reduced likelihood of rate cuts in subsequent meetings." Powell will emphasize at the post meeting press conference that "further rate cuts will only be made if the job market significantly deteriorates.