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Co-Head of Global Bonds Nick Maroutsos and Portfolio Manager Jason England explain why the Federal Reserve was correct in not cutting rates Wednesday and which factors may justify a move lower in July.
Nick Maroutsos: Jason and I are here to talk about the Fed meeting yesterday and why it's important to investment implications going forward. So Jason, yesterday the Fed met. As expected, they left rates on hold, but they did not rule out the case for further cuts down the road. What was your interpretation?