The Fed’s future moves are now more uncertain in the aftermath of the election, given that Trump’s economic proposals have been widely flagged as potentially inflationary.

The S&P 500 and the Nasdaq jumped to a fresh record high on Thursday after the Fed delivered a 25 basis point rate cut.

The Federal Reserve cut its key interest rate by a quarter-point Nov. 7 in response to the steady decline in the once-high inflation that had angered Americans and