According to online reports, David Kelly, chief global strategist at JPMorgan Asset Management, said that if Trump wins the U.S. election this week, the Federal Reserve may suspend its easing cycle as early as December. Because Trump's expansionary fiscal policy plan will drive up inflation and prevent interest rates from falling. Kelly pointed out that if Republicans win a big victory over Trump's victory, there will be more expansionary fiscal policies that could trigger a trade war, widen the deficit, and lead to higher interest rates. On the other hand, Kelly said if Vice President Harris wins, the economy may continue its path of soft landing. In this case, the Fed is likely to stick to its expected easing policy path.