World News: 01:10 GMT Thursday 13th June 2019. [Yahoo Business News Feed via SPi World News]
The chances of a Federal Reserve interest rate cut this year have dramatically increased in the past month, according to a Reuters poll of economists who warned trade tensions will intensify and the risk of a U.S. recession has crept up. Fed Chair Jerome Powell said last week the central bank would act 'as appropriate' to address risks from the U.S.-China trade war, leaving the door open for a possible rate cut. While many economists now argue the Fed is likely to cut rates this year, some said they were reluctant to change their base case forecasts for the federal funds rate immediately, citing rapidly changing developments on trade talks.
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