Analyst: The future rate cuts of the Federal Reserve may depend on Trump's policies.

Analyst: The future interest rate cuts by the Federal Reserve may depend on Trump's policies. IG market strategist Yeap Jun Rong wrote in a report that the trajectory of future interest rate cuts by the Federal Reserve may depend on the policies of President-elect Trump, and these policies are still unclear at this stage. He said that Trump's initial comments on tariffs did sound aggressive. However, he added that the extent of the implementation of these measures is uncertain. Yeap said that as the policies become clearer, the Federal Reserve may initially lean towards a shallower interest rate cycle. He also stated that as the Federal Reserve meetings conclude, unless the Bank of Japan makes an unexpected decision, the US stock market may gradually pump in the last few weeks of 2024. However, reaching new record highs by the end of the year may be challenging due to the lack of further catalysts. (Kinjun)

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