jon-lovito-ir-no-cut

I think the Fed took a pause here because they feel like they could wait a little bit and see what happens with the U.S. economy. And while we’ve seen a little bit of slowing, generally the economy is in fairly good shape. They also want to see how the U.S.-China trade conflict plays out and see what that effect will be on the U.S. economy going forward. So, they’ll react going forward if they have to, but right now, they felt they could take a little time.