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Powell falls into Trump's hands again, how will tomorrow's tough battle be fought?
Powell will need to assure global investors that the Fed can control the impact of Trump's second term and a possible upcoming "Republican sweep".
The Fed's interest rate cut in November was "no surprise," but has Trump's shadow already cast over Powell?
Wall Street is cutting back on its forecast for a Fed rate cut, with JPMorgan expecting a smaller rate cut after the election than priced in before. Bank of America believes the Fed may pause rate cuts, while Nomura predicts the Fed will only cut rates once next year, compared to the previous expectation of four rate cuts.
Futu Morning Post | Trump's trades sweep the market! Three major indices hit historical highs together; with the election settled, Wall Street adjusts down the expectations for Fed rate cuts.
First European Central Bank official to speak out after Trump's victory: closely watching, inflation may face huge impact; mortgage rates soaring along with US bonds, reaching the highest level since early July this year; jefferies financial: the pace of implementation of Trump's policies will dominate the future trend of the US dollar.
U.S. stocks closed | The three major indexes surged violently, hitting record highs together! The 'Trump trade' swept the market, with Tesla soaring nearly 15%.
Dow Jones posted its best two-year gain, small cap index rose nearly 6%, banks index surged over 10%, oil, steel, and crypto stocks soared, while European and American solar stocks all plunged, Trump's media technology surged nearly 35% before closing up by about 6%.
USA Election: The overall situation is settled, what lies ahead?
Trump leads in all 7 swing states. The Republican Party controls the Senate and is highly likely to control the House of Representatives. Such a significant lead indicates a rightward shift in the American political spectrum, with Republican political influence rising. American society may once again shift from 'pursuing fairness' to 'pursuing efficiency.'
Fed's Confidence in Flagging Rate Cuts 'Might Wane' as Trump's Economic Impact Unfolds