Odaily News Nordea Union Bank analyzed that with Trump's victory in the US election and the Republican Party's high probability of controlling both the Senate and the House of Representatives, the market should expect that most of his campaign promises will be fulfilled. The Federal Reserve may automatically cut interest rates by 25 basis points tonight and in December because they believe that current interest rates are restrictive. If the current strong economic development continues, coupled with the impact of Trump's victory, it should soon make the Federal Reserve less sure whether these preemptive rate cuts are necessary. It will take some time for the impact of Trump's policies on inflation to be reflected in the CPI data, but we should start to see the impact on more hiring and lower immigration early next year. We are not sure when the Fed will finally decide to stop cutting interest rates, but it is most likely that the Fed will cut interest rates by another 25 basis points in March next year before the dovish FOMC is convinced, although there is also a high possibility that there will be no rate cuts in 2025. (Jinshi)