Macroeconomic Outlook for Next Week: The Federal Reserve will announce its interest rate decision on Thursday, and Powell will hold a press conference

ChainCatcher news, according to Jin Shi reports, next week, due to the continued government shutdown in the United States, there will be less important data from the U.S. However, many central banks will hold monetary policy meetings, including the Federal Reserve, the European Central Bank, and the Bank of Japan. Here are the key points the market will focus on in the new week (all in Beijing time):

• Thursday 02:00, the Federal Reserve announces the interest rate decision;

• Thursday 02:30, Federal Reserve Chairman Powell holds a monetary policy press conference;

• Friday 01:15, 2026 FOMC voting member and Dallas Fed President Logan speaks;

• Friday 21:30, 2026 FOMC voting member and Dallas Fed President Logan speaks;

Before gaining a clearer understanding of inflation and the labor market, Powell is unlikely to significantly change his wording on the future policy path while announcing a 25 basis point rate cut. Therefore, considering the recent tensions in trade relations and the ongoing government shutdown, Powell and his colleagues' statements on Thursday may appear somewhat dovish, but the extent may not be too large. Even dovish members like Waller are reluctant to commit in advance to a series of rate cuts. If the Federal Reserve questions the market's expectation of a 100 basis point rate cut after October, the risk of disappointment among traders will increase.