Institutions: the Fed will continue to rely on data, and the short-term impact of Trump's policies will be limited

The Federal Reserve is likely to continue to make policy decisions based on available data while the new Trump administration takes shape, said Archie Hart, a strategist at asset management firm Ninety One. Volatility is likely to happen. Markets will react to Trump's comments. Trump's policies are not expected to have a meaningful impact on the economy until at least 2026. This means that the near-term outlook for interest rates should not change much despite the market's initial reaction.