Certain areas of the stock market that benefit from lower rates could see a boost.
AdvertisementInstead, plug some money into longer-duration bonds to lock in higher returns while they're still around, Milan said.
In addition to tying down solid returns, longer-duration bonds could also appreciate when rates fall, he said.
AdvertisementLook at rate-sensitive areas of the stock marketCertain areas of the stock market should also benefit from Fed rate cuts.
But investors should keep their eye on the labor market the more the Fed cuts rates, Young Thomas said.
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