The latest consensus on Wall Street: In the era of Trump 2.0, the Federal Reserve may slow down its pace of interest rate cuts. After the results of the US election were announced, Wall Street's concerns about the prospect of the Federal Reserve cutting interest rates next year have become increasingly strong. Looking ahead to the policy path of the Federal Reserve next year, several Wall Street investment banks that had previously predicted that the Fed would continue to significantly cut interest rates next year have now abandoned this view. On Thursday Eastern Time, teams from Barclays Bank and TD Bank both released reports stating that the Trump administration will significantly increase the likelihood of tightening immigration restrictions and raising import tariffs after taking office, which could stimulate inflation and change the Federal Reserve's monetary policy direction.