Golden Finance reported that IG market strategist Yeap Jun Rong wrote in a report that the trajectory of future interest rate cuts by the Federal Reserve may depend on the policies of President-elect Trump, which are still unclear at this stage. He said Trump's initial remarks about tariffs did sound aggressive. However, he added that the extent to which these measures would be implemented was uncertain. Yeap said the Fed may initially favor a shallower rate-cutting cycle as policy becomes clearer. He also said that as the Federal Reserve meeting ends, U.S. stocks may gradually rise in the final weeks of 2024 unless the Bank of Japan makes an unexpected decision. However, in the absence of further catalysts, reaching new record highs by the end of the year may be challenging. (Golden Ten)