Federal Reserve to announce next rate decision in December meeting tomorrow. Here's what to expect.

The Federal Reserve will announce whether to cut interest rates at its December meeting, capping off a turbulent year for the U.S. economy defined by fresh labor market headwinds and tariff-fueled inflation that has deepened the nation's affordability crunch .

The U.S. central bank will have to make its decision without some key government data. Hiring data for November and the latest inflation number have been delayed until mid-December — after the Fed's meeting — because of the U.S. government shutdown .

Those two measures are key to the Fed's decision-making on interest rates because of its so-called dual mandate, which is to keep both inflation and unemployment low. Those goals have proved difficult to reconcile this year amid a slowdown in hiring and a spike in layoffs