JPMorgan: Trump's victory may prompt the Federal Reserve to pause rate cuts as early as December

2024-11-04 10:53:16

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ChainCatcher news, JPMorgan Asset Management's Chief Global Strategist David Kelly stated that if Trump wins the U.S. election this week, the Federal Reserve may pause its easing cycle as early as December. This is because Trump's expansionary fiscal policy plans will drive up inflation and prevent interest rates from falling. Kelly pointed out that if the Republicans achieve a significant victory with Trump's win, more expansionary fiscal policies may emerge, potentially triggering trade wars, widening the deficit, and leading to higher interest rates. On the other hand, Kelly indicated that if Vice President Harris wins, the economy may continue on its soft landing trajectory. In this scenario, the Federal Reserve may stick to its expected easing policy path.

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