The hawkish faction within the Federal Reserve is growing, with more and more FOMC members unwilling to support a fourth consecutive rate cut.

According to Odaily Planet Daily, following the December rate cut, hawkish forces will strengthen, with more FOMC members indicating their unwillingness to support a fourth consecutive rate cut. Therefore, the Fed's interest rate is likely to remain unchanged in January. In January, the voting composition will change with the rotation of regional Fed presidents, but this is unlikely to have a significant impact on the interest rate trajectory. The dissenting hawks Schmid and Goolsby will be replaced by Beth Hammack of the Cleveland Fed and Lorie Logan of the Dallas Fed, who hold similar positions. The relatively centrist Neel Kashkari and Anna Paulson will also have voting rights in 2026. (Jinshi)