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Futures tick lower as Fed policy meeting looms
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Futures tick lower as Fed policy meeting looms
The Fed concludes its policy meeting on Wednesday, facing a host of global growth worries including a prolonged U.S.-China trade war into which the events in Saudi have thrown an oil price shock. Traders currently see a 65.8% chance of a quarter percentage point cut from the Fed this week, down from 88.8% on Friday, according to CME's FedWatch. Since the Fed's last interest rate cut in July, U.S. economic data has shown mixed signals about the health of the economy.
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