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At its last meeting, the Federal Reserve gave a pretty clear signal that they don't intend to cut interest rates in December. They've cut rates three times in a row now, for a total of 75 basis points. And their perspective is that those rate cuts have done enough to provide insurance against the negative risks in the global economy.
We do, however, continue to expect rate cuts over the course of 2020, largely because our economic view is more negative than that of the