The Federal Reserve kicks off its two-day FOMC meeting in Washington, D.C. today, with investors divided on how much the US Central Bank will cut interest rates by. Ahead of the Fed's first interest-rate cut in four years, market participants have been buying short-dated US treasuries (^TYX, ^TNX, ^FVX).

US Bank Asset Management Group CIO Eric Freedman, whose company oversees $470 billion in assets under management, says he's no longer buying into the front-end of the yield curve.

Freedman speaks with Seana Smith and Brad Smith on the Morning Brief to talk about the rate cut expectations from the Fed and how investors should be evaluating companies from a "growth at a reasonable price" standpoint heading into a lower-rate environment.

"We think the most important thing is to move out of the front end of the yield curve again," says Freedman. "Now that we have the Fed taking away that punchbowl of higher rates, we think it will be a steady drip lower."

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This post was written by John Hyland.