Jiaxin Wealth Management: The Federal Reserve may need to pause and take a short break
Due to the uncertainty of how Trump's policy intentions will affect key areas of the U.S. economy, it seems that the Federal Reserve's interest rate cut in December is no longer a foregone conclusion.
Kathy Jones, Chief Fixed Income Strategist at Charles Schwab, said, "At present, I think there is a very high level of uncertainty. Everything is changing and could develop in many different directions. I think maybe the Fed should take a pause and rest for a while and say 'you know what? We need to sit down and see how things develop.'" Jones stated that she would pay attention to the minutes from the Federal Reserve’s November meeting released on Wednesday for more clues about policymakers' intentions.
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