The Federal Reserve (Fed) is expected to cut interest rates for the second time to address inflationary pressures. Cryptocurrency prediction platform Polymarket predicts a 99% probability of a 25 basis points rate cut. However, the recent presidential election has introduced uncertainty into the Fed's future path, as President-elect Donald Trump's economic agenda could increase inflation. Trump's proposals, such as tariffs and mass deportations, may complicate the Fed's approach to interest rates. Concerns have also arisen about political interference in the central bank's policymaking process, given Trump's previous criticism of the Fed's independence. The Fed's decision comes amid mixed economic signals, with steady growth but signs of slowing hiring. Strong consumer spending, driven by high-income households, raises concerns about economic overstimulation and a resurgence of inflation. Additionally, Treasury yields have risen following the Fed's last rate cut in September, which increases borrowing costs and reduces the impact of rate cuts on consumer spending. (Note: This summary does not provide investment advice.)
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