JPMorgan Chase: Trump's victory may prompt the Fed to suspend rate cuts as early as December

Bitget App

Trade smarter

Cointime2024/11/04 02:55

By:Cointime

David Kelly, Chief Global Strategist of JPMorgan Asset Management, said that if Trump wins the US election this week, the Federal Reserve may suspend its loose policy as early as December. This is because Trump's expansionary fiscal policy plan will push up inflation and prevent interest rates from falling.

Kelly pointed out that if the Republican Party wins a landslide victory in Trump's victory, there will be more expansionary fiscal policies, which may trigger a trade war, expand the deficit, and lead to higher interest rates.

On the other hand, Kelly said that if Vice President Harris wins, the economy may continue its soft landing trajectory. In this case, the Federal Reserve may stick to its expected loose policy path.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Capital flows are shifting from bitcoin to ether, with derivatives market activity signaling growing confidence in ether’s near-term upside, analysts said.Ether has surged over 6% while in the past 24 hours, while bitcoin saw a slight decline, as open interest and demand for call options hit record highs for the second-largest cryptocurrency by market cap.

The Block•2024/11/25 18:00