Franklin Templeton Investment Solutions' Chief Investment Officer, Wylie Tollette, analyzed how the U.S. Presidential Election could affect the Federal Reserve's interest rate decisions. He noted that if inflation issues in the housing sector persist, large-scale interest rate cuts could exacerbate this situation. Consequently, he expects the Federal Reserve to reduce rates by 25 basis points next week. However, the uncertainty surrounding this election might lead the Federal Reserve to be more cautious about the magnitude of its rate cuts to avoid being perceived as influenced by political considerations rather than economic needs. Previously, President Trump suggested that Federal Reserve rate cuts would benefit his rival Harris in the Vice President position, but Tollette emphasized that the Federal Reserve's goal is to make decisions that serve the long-term interests of the economy, not be swayed by short-term political factors.