"Gold Finance reported that Wylie Tollette, Chief Investment Officer of Franklin Templeton Investment Solutions, believes, 'If inflation in the housing sector persists, a 50-basis-point rate cut could actually accelerate or amplify this situation.' He expects the Fed to cut rates by 25 basis points next week, adding that the upcoming election could also complicate the prospect of a larger rate cut. Trump previously stated that a Fed rate cut would help Harris in her bid for re-election as Vice President, 'even though they know they shouldn't do it.' Wylie Tollette said, 'The Fed's path is that they want to do what's right for the economy, and I think they don't want to be seen as benefiting the incumbent candidate with more aggressive rate cuts.'"