Allianz Investments stated that with Trump returning to the White House, the US economy and markets are bound to undergo tremendous changes. The new government may have the opportunity to introduce more fiscal stimulus measures and relax regulations, which could help promote economic growth and make the US economy surpass other developed economies by 2025. However, the loose fiscal policy may lead to a rise in inflation. In light of this, the bank believes that the Fed may consider an early pause in interest rate cuts in the first half of 2025, and the interest rate may remain at around 4%.