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Analyst: After Trump takes office, US inflation may rise rapidly, and the Federal Reserve may change its interest rate cut plan

Analyst: After Trump takes office, US inflation may rise rapidly, and the Federal Reserve may change its interest rate cut plan

Bitget2024/11/06 12:21

An analyst from the Edmond de Rothschild Group stated in a report that under Trump's leadership, U.S. inflation could rise rapidly. The risk of trade tariffs and the threat of deporting undocumented immigrant workers could drive up the U.S. inflation rate. These factors may pose challenges to the Federal Reserve's efforts to curb inflation. They said: "As the impact of Trump's plan on inflation becomes increasingly clear, the Federal Reserve may partially abandon its expected 100 basis point cut in its latest report."

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