The Federal Open Market Committee's (FOMC) December meeting minutes are set for release, offering insights into the Fed's economic outlook ahead of its January meeting. In December, the Fed cut rates by 25 basis points, a move aimed at supporting the labor market rather than taming inflation. Fed Chair Powell indicated future rate cuts are unlikely, expressing confidence in the US economy. Markets are anticipating potential volatility in the coming year, despite positive year-end stock market performance.