Analyst: Future Fed rate cuts may depend on Trump's policies
Here is the English translation:
According to a report by IG market strategist Yeap Jun Rong, the trajectory of future interest rate cuts by the Federal Reserve may depend on the policies of the president-elect Trump, which are still unclear at this stage.
He stated that Trump's initial remarks on tariffs did sound quite radical. However, he added that the extent of implementation of these measures is uncertain. Yeap said that as policies become clearer, the Federal Reserve may initially tend towards a shallower rate cut cycle.
He also said that with the end of the Federal Reserve meeting, unless the Bank of Japan makes an unexpected decision, the US stock market may gradually rise in the last few weeks of 2024. However, due to the lack of further catalysts, reaching new record highs by the end of the year may be challenging.
