Fed's Rate Decisions in Focus Amid Election and Economic Uncertainty

JP Morgan Asset Management suggests that a Trump victory in the upcoming US election could lead to higher interest rates due to more expansionary fiscal policies, potentially resulting in trade wars and larger deficits. In contrast, a Harris win might maintain a slow economic growth with the Federal Reserve likely adhering to its current rate plans. Regardless of the election outcome, JP Morgan anticipates a 25 basis point rate cut in November.