**[Next Week's Macro Outlook: The Federal Reserve to Announce Rate Decision on Thursday, Followed by Powell's Press Conference]** Reported by Golden Finance, next week, due to the continued U.S. government shutdown, there will be fewer significant data releases from the U.S., but several central banks, including the Federal Reserve, European Central Bank, and Bank of Japan, will hold monetary policy meetings. Below are the key points the market will focus on in the coming week (all times in Beijing Time): - Thursday 02:00: The Federal Reserve announces its rate decision. - Thursday 02:30: Federal Reserve Chair Powell holds a monetary policy press conference. - Friday 01:15: 2026 FOMC voting member and Dallas Fed President Logan delivers a speech. - Friday 21:30: 2026 FOMC voting member and Dallas Fed President Logan delivers a speech. Before gaining a clearer understanding of inflation and the labor market, Powell is unlikely to significantly alter his wording on the future policy path while announcing a 25 basis point rate cut. Therefore, considering recent trade tensions and the ongoing government shutdown, Powell and his colleagues may adopt a slightly dovish tone on Thursday, though the extent of this is expected to be limited. Even dovish members like Waller are unlikely to pre-commit to a series of rate cuts. If the Federal Reserve questions the market's expectation of a path involving another 100 basis points of rate cuts after October, the risk of disappointment among traders will increase. (Jin10)