ANALYSIS: Several participants expected to urge Fed to exercise restraint, cut rates gradually

Institutional analysts say that barring a major surprise, the Fed will continue its rate-cutting cycle by a margin of 25 basis points. What investors really want to know is: How will Trump's proposed fiscal and tariff policies affect the FOMC's rate outlook? Participants may be grappling with that question. If the election results are less decisive, Fed Chair Jerome Powell could lean dovish in his post-meeting press conference, reacting to signals from October's lacklustre jobs data and weak brownbook. But with Republicans on the verge of taking control of the White House and possibly both houses of Congress, several attendees are expected to urge restraint and push for a more gradual pace of rate cuts.