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What to Do After the Fed Rate Cut

The Federal Reserve decided, as was expected by experts, to cut rates by 25 basis points. Lauren Goodwin, economist and strategist at New York Life Investments, sat down with TheStreet to break down what this rate cut means for investors. "I think what's most important for investors to keep in mind is not what's different between yesterday and today, but the longterm trajectory that the Fed is on and what this means for their economic outlook. And so what the Fed is telling us is that the economy's slowing, there are risks to the downside, but that things are generally okay. This isn't a panic decision. And so the first piece of advice we have for investors is to stay invested. It's a little bit too early to run for the hills," said Goodwin. Premium Pick: The Fed Will Likely Cut Interest Rates Wednesday, but Will the Market Care? Bull Market Fantasy: Week 3 Waiver Wire and Week 2 Injury Recap Action Alerts PLUS peek: How Jim Cramer Knew to Sell Shopify Stock Before Its Recent Plunge Apple News: Should Apple Buy Up a Hollywood Studio? Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Catch Up: Today's Top News Videos Below

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