Summary of views on the Federal Reserve interest rate decision

1. : Powell may not explicitly discuss the impact of Trump's victory on increased spending, but he knows it will drive the economy. 2. : The Fed may currently ignore the impact of tariffs on inflation, viewing it as a short-term price fluctuation, and focus on the consequences of negative growth. 3. : Before the Fed digests the impact of the election, it may be less inclined to surprise the market, but the probability of inaction has increased. 4. : Although the Fed will still cut rates today, with Trump about to enter the White House, the Fed's room for further rate cuts may be diminished. 5. : With the election settled before the Fed meeting, a rate cut is still justified, but the Fed needs to be cautious in its forward guidance. 6. : The actual federal funds rate has already risen to 2.6%, so regardless of the US election result, the Fed has room to cut rates this week. 7. : It will take some time for the impact of Trump's policies on inflation to be reflected, and the Fed still needs time to eliminate its dovish bias. 8. : The Fed will not incorporate Trump's victory into its near-term decisions until it has a clear understanding of the new policies and their impact. 9. : Trump's victory will not change the prospect of the Fed cutting rates by 25 basis points tonight, but the central bank needs to remain vigilant going forward. 10. : Trump's tax policies may lead to rising inflationary pressures and a widening fiscal deficit, which could weaken the Fed's dovish stance.