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Economic Preview: Tilting toward trouble? Worries on economy haven’t vanished after job gains, trade truce

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Which way is the seesawing U.S. economy tilting? Wall Street thinks it’s tilting enough toward slower growth to push the Federal Reserve to cut interest rates.

The stock market has hit fresh record highs, the U.S. banged out a hefty amount of new jobs in June and the White House and China agreed to put off new trade penalties. So all is well with an economy now entering a record 11th year of expansion, right?

Not if Wall Street is to be believed.

Investors still think the Federal Reserve will cut already low interest rates at the end of July, an insurance policy of sorts against what they believe is a U.S.

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