How investors can prepare for lower interest rates: It’s ‘like getting a haircut,’ advisor says

Key Points

Federal Reserve chair Jerome Powell signaled on Friday that lower interest rates are ahead.
It would be the first time the central bank cut rates since the beginning of the Covid-19 pandemic.
Investors likely shouldn’t do much to prepare for that shift, advisors said.
They can expect lower-risk assets like cash and short-term bonds to pay less of a return.

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