Trump May Cause Fed to Change Rate Cut Plan

BlockBeats News, November 6th, an analyst from Rothschild & Co stated in a report that under Trump's leadership, US inflation could rise rapidly. The risks of trade tariffs and the threat of deporting undocumented immigrant workers could drive up US inflation. These factors may pose a challenge to the Federal Reserve's efforts to contain inflation. They stated: "As the impact of Trump's plans on inflation becomes increasingly clear, the Fed may partially abandon its anticipated 100 basis points rate cut as stated in its latest report." (FX678)