The Federal Reserve is expected to cut interest rates for the third time this year, according to CNBC. This move comes as the U.S. economy shows signs of slowing down. With the yield on the 10-year Treasury note falling below the 2-year note yield for the first time since 2007, some investors are considering revamping their fixed income portfolios. The inversion of the yield curve is often seen as a reliable indicator of an upcoming recession. However, some experts believe that the Fed may be able to prevent a recession by cutting rates and implementing other monetary tools.
