Countdown to 2025: 3 things investors should know
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Thank you for joining me today, Richard.
A pleasure, as always.
So this year has played out very differently than what most folks were expecting in January, where most economists thought the Fed would have to cut rates very aggressively in order to engineer that soft landing for the economy, or at least slow the economy enough without putting it in recession. But that didn’t happen at all. The Fed has only cut once, a far cry from that five to seven that people were thinking about.
Yep.
But you’ve been very tactical through that pivot, right, especially in your balance between stocks and bonds. And so I would love for you to talk about how you’ve been shifting risk as the Fed has been changing.
Sure,…
