#BNB
Future Federal Reserve rate cuts could depend on Trump鈥檚 policies, says an analyst馃毃馃毃馃毃馃毃馃毃
According to BlockBeats, IG market strategist Yeap Jun Rong indicated in a report dated December 19 that the trajectory of future interest rate cuts by the Federal Reserve could be influenced by the unclear policies of elected President Trump at this stage.
Yeap noted that Trump鈥檚 initial statements on tariffs appeared quite aggressive. However, he added that it is unclear to what extent these measures will be implemented. As policies become clearer, the Federal Reserve might initially lean towards a more moderate rate-cutting cycle.
Additionally, Yeap suggested that with the conclusion of the Federal Reserve meeting, unless the Bank of Japan makes an unexpected decision, U.S. stock markets could gradually rise in the final weeks of 2024. However, reaching new all-time highs by year-end could be a challenge due to the lack of further catalysts.