Making Sense of the Fed’s Latest Decision

• The U.S. Federal Reserve (Fed) left interest rates unchanged Wednesday but signaled it is ready to cut interest rates in the future to address rising global uncertainty.
• The last time the Fed cut interest rates was the beginning of the Great Recession. Today, while economic conditions have begun to slow down, the backdrop is notably healthier.
• Investors should view a cut in interest rates as a likely course alteration from the Fed to address rising uncertainty and not as a signal of an imminent recession.

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