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[Powell Plans to Push for Rate Cuts, Half of Fed Officials May Oppose] Federal Reserve officials will hold their final interest rate meeting of the year on Tuesday local time. Despite the possibility that up to half of the members may not support a rate cut, Chairman Powell is still prepared to push for it. Powell may lower the interest rate by 25 basis points to the range of 3.5% to 3.75% and signal higher thresholds for future easing through changes to the post-meeting statement. Currently, as many as 5 out of the 12 voting members have expressed that they do not see a strong justification for a rate cut.