JPMorgan: If Trump wins, the Fed may suspend its easing cycle as early as December

JPMorgan analyst David Kelly said that if Trump wins the US election this week, the Federal Reserve may suspend its easing cycle as early as December. Kelly believes that Trump's expansionary fiscal policy plans will push up inflation and prevent interest rates from falling. He said, "If Trump wins the election, then he will adopt a more expansionary fiscal policy, which may trigger a trade war, the deficit will expand, and interest rates will rise." Kelly also said that the Federal Reserve will almost certainly cut interest rates by 25 basis points in its interest rate decision on Friday, even if the election is held before then. (Jinshi)