ChainCatcher news, according to Jinshi, Wylie Tollette, chief investment officer of Franklin Templeton Investment Solutions, believes that "if inflation in the housing industry still exists, then a 50 basis point rate cut may actually accelerate or amplify this situation." He expects the Federal Reserve to cut interest rates by 25 basis points next week, adding that the election may also complicate the prospect of a sharp rate cut. Trump previously said that the Fed's rate cut will help Harris become the current 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 is right for the economy, and I don't think they want to be seen as favoring the current candidate through more aggressive rate cuts."