The November FOMC meeting is underway, with expectations that the committee will announce a 25-basis point interest rate cut. Fed funds futures markets indicate a 99.2% likelihood of this cut, with a 67% chance of an additional cut in December. Although the recent election results arrived too late to influence this month's decision, the Republican sweep could create uncertainty for future monetary policy. President Trump’s potential victory might lead to changes in the Fed's leadership, as he has expressed intentions not to reappoint Jerome Powell. Trump's proposed tax cuts and tariffs may prompt inflation and affect the federal deficit, further complicating the Fed's mission. Analysts are keenly awaiting Powell's comments during the upcoming press conference, particularly regarding the election's implications on future Federal Reserve policies. This week is poised to be eventful for both the markets and economic policies as they react to these developments.

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