Golden Finance reported that 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, which are still unclear at this stage. He stated that Trump's initial comments about tariffs indeed sounded very aggressive. However, he added that the extent of the implementation of these measures is uncertain. Yeap mentioned that as policies become clearer, the Federal Reserve may initially lean towards a shallower rate cut cycle. He also indicated that with the conclusion of the Federal Reserve meeting, unless the Bank of Japan makes an unexpected decision, the U.S. 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. (Jin Shi)