The Financial Times team recently updated its forecast for the Federal Reserve's interest rate outlook, predicting that if Harris wins the election, the Federal Reserve may quickly cut interest rates next year. The analysis said that after cutting interest rates by 50 basis points in September, the Federal Reserve may cut interest rates by 25 basis points in 2024. The Fed will cut interest rates by a total of 100 basis points by the end of this year, reducing the funds rate to 4.25-4%. This is in line with the Federal Reserve's September summary of economic forecasts. If Harris wins the US Presidential Election, the Federal Reserve will cut interest rates three more times in the first half of 2025, each by 25 basis points, bringing the policy rate to 3.5-3%.