The Federal Reserve cut its benchmark rate in September, and is now expected to announce two more cuts before the end of the year.

In prior rate-cutting cycles, there has been plenty of upside potential for investors to boost earnings and balance risk as the Fed adjusts its policy stance.

Still, "all in all this is a much different cutting cycle than what we saw in '08 and '09, or during Covid," said Brian Brady, a certified financial planner and vice president at Obermeyer Wealth Partners, referring to the periods after the 2008 financial crisis and at the start of the 2020 pandemic when rates were rapidly slashed to near rock bottom. Obermeyer Wealth Partners ranked No. 13 on CNBC's Financial Advisor 100 list for 2025.

The rate-setting Federal Open Market Committee has set

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