Wylie Tollette, Chief Investment Officer of Franklin Templeton Investment Solutions, believes that "if inflation in the housing sector persists, a 50 basis point rate cut could actually accelerate or amplify that situation." He expects the Federal Reserve to cut rates by 25 basis points next week, adding that the upcoming election could also complicate the prospect of a large rate cut. Trump previously stated that a rate cut by the Federal Reserve would help Harris become the current Vice President, "despite knowing they shouldn't do that." Wylie Tollette said, "The Fed's path is that they want to do what's right for the economy, and I don't think they want to be seen as benefiting the incumbent candidate with more aggressive rate cuts." (Jin Shi)