Next year, the number of hawks on the Federal Reserve's voting committee may increase to at least three.

Jinshi data news on December 20th, next year's annual change in the composition of the FOMC voting committee of the Federal Reserve may slightly increase the resistance to further interest rate cuts. Compared with the outgoing voters, the incoming voters are more inclined to be hawks. Oscar Munoz, an analyst at TD Securities, said, 'This opens the door to more opposing votes next year.' At the December FOMC meeting, four of the 19 Fed policymakers wrote down their predictions that this rate cut was inappropriate, and Cleveland Fed President Hamaek voted against it. Hamaek will leave the FOMC next year, to be replaced by Chicago Fed President Goolsby, who believes that a significant reduction in the Intrerest Rate policy is needed next year, apparently more dovish than Hamaek. But the other two new voters, St. Louis Fed President Musallam and Kansas City Fed President Schmid, will make the position of the 2025 voters more assertive, replacing Atlanta Fed President Bostic and San Francisco Fed President Daly, who are seen as moderates. Analysts at TD Securities speculate that Musallam is one of the four policymakers who submitted predictions opposing this rate cut, and Schmid may be another, both of whom have hinted at some hesitation about further rate cuts. The fourth may be Fed Governor Bowman, who opposed a 50 basis point rate cut in September, but may support this week's rate cut during the two-day meeting.