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Fed Watchers Now See Rate Cuts This Year as Tariffs Hit Economy

  • JPMorgan, Barclays, NatWest expect reductions in September
  • Action could come sooner if financial conditions deterioriate
The U.S. Federal Reserve building stands in Washington D.C.
Photographer: Brendan Smialowski/Bloomberg
Updated on

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Federal Reserve watchers said the central bank will abandon its patient policy stance and cut interest rates in coming months as President Donald Trump’s planned new tariffs on Mexican goods may drag down U.S. economic growth.