The Fed's rate cut is an insurance policy, not a distress signal
The Fed's decision to cut short-term interest rates for the first time since 2008 wasn't exactly a surprise to the markets—but it shouldn't be viewed as the start of a longer-term trend. In fact, markets may have to readjust to account for fewer near-term cuts than anticipated.
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The opinions expressed are those of the speaker at the time of recording and are subject to change as market and other conditions warrant. The subadvisors’ affiliates, employees, and clients may hold or trade the securities mentioned, if any, in this commentary. The information is based on sources believed to be reliable, but does not necessarily reflect the views or opinions of John Hancock Investment Management. No forecasts are guaranteed, and past performance does not guarantee future results.
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