The next Fed meeting is this Wednesday, December 12. Markets are pricing in a 25 basis point rate cut with roughly 90-95% certainty. Since the cut is effectively baked in, the main thing to watch is Powell's commentary regarding 2026 policy. Investors are looking for clues on how the Fed plans to balance a softening labor market against strong GDP numbers and tariff impacts. The recent government shutdown is also a variable that might affect future policy. Keep an eye on rate-sensitive tickers like CVNA, LEN, BAC, NEM, and IWM after the announcement.