Original Article.

Economists expect the Fed to try to back away gracefully from that stance with a new pledge to cut interest rates, if warranted. Over the last few weeks, escalating trade tensions and a sense that the economy is on a slowing trend have led the market to price in over two cuts this year, according to futures trading as shown by the CME Group’s Fed Watch tool.The market is pricing in an 80% chance of a quarter-point reduction in July.

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