CoinWorld reported that the FOMC meeting in November starts today, and committee members are expected to announce a 25 basis point rate cut. CME Group data shows that the market's expected probability for this decision is 99.2%. Analysts say that the election results this morning will have little effect on this month's decision, but a possible Republican victory and its market impact make the result in December uncertain. The probability of another 25 basis point rate cut in December is 67%. Trump's victory could affect the leadership and mission of the Federal Reserve. His proposed tax cuts and increases could raise inflation and the federal deficit. Additionally, Trump may appoint a new Federal Reserve chair in May 2026.