BlockBeats news, on December 19, IG market strategist Yeap Jun Rong wrote in a report that the future trajectory of Federal Reserve interest rate cuts may depend on the policies of elected President Trump, which are still unclear at this stage.
He stated that Trump's initial comments on tariffs indeed sounded quite aggressive. However, he added that the extent of the implementation of these measures is uncertain. Yeap said that as policies become clearer, the Federal Reserve may initially lean towards a shallower rate-cutting cycle.
He also noted that as the Federal Reserve meeting concludes, 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, reaching new record highs by the end of the year may be challenging due to the lack of further catalysts. (Jinshi)