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The Federal Reserve has once again surprised the market with its latest decision. Contrary to expectations of a 25-basis point cut, the Fed delivered a 50-basis point reduction. Fed Chair Powell insists this doesn't indicate they're behind the curve, but rather it's a recalibration to get back on track. The market reacted positively to this news, benefiting our existing positions in commercial real estate and infrastructure.

Let’s take a look at what was really behind the decision, and what it means for us (spoilers: it’s good news!).

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