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Since the Federal Reserve began raising the Fed Funds rate in December 2015, there have been nine rate increases. Now that the Fed is in a pause mode, strategists and investors have turned their focus on rate cuts. It seems as though strategists believe the equity market and economy cannot move ahead unless the Fed cuts interest rates. By now many have heard that every recession since World War II has been preceded by an inverted yield curve, i.e., short-term interest rates are higher than long-term interest rate. And therein lies the issue with the