ChainCatcher news, according to Jinshi, 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 may actually accelerate or amplify this situation," he expects the Fed to cut interest rates by 25 basis points next week, adding that the election may also complicate the prospect of a significant rate cut. Trump previously said that the Fed's rate cut would help Harris become the current vice president, "even though they know they shouldn't do it."
“The path of the Fed is that they want to do what’s right for the economy, and I don’t think they want to be seen as favoring the incumbent candidate by cutting rates more aggressively,” said Wylie Tollette.
