Last September, it was thought there would be a gradual 25 basis point cut, but it unexpectedly came in at 50 basis points, which was very generous, coinciding with the last two months of Biden's term, showcasing some political achievements. Then it got to Trump; the market initially predicted June, but it was postponed to July, and then to September. It started with 50 basis points, then 25, and now it’s said there won’t be a cut. No one believes the Federal Reserve has no political bias.