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Traders bet on May start to Fed rate cuts as trade war escalates

ReutersApr 9, 2025 1:04 PM

- Traders of futures contracts tied to the Federal Reserve's policy interest rate on Wednesday saw about a 60% chance that the U.S. central bank will cut start cutting interest rates next month, as China announced retaliatory tariffs on U.S. goods, ratcheting up the trade war.

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