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Economic Preview: Five things to watch in the pivotal Fed meeting

Bloomberg News/Landov
Economists are wondering if St. Louis Fed President James Bullard will dissent if the central bank decides, as expected, to hold interest rates steady.

At its last policy meeting in early May, the Federal Reserve said it was going to be patient for some time before changing interest rates.

“Some time” may turn out to be all of two months.

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.

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