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Fed to go big on first rate cut, traders bet

By Ann Saphir (Reuters) – Traders on Tuesday kept bets the Federal Reserve will start an expected series of interest rate cuts with a half-percentage-point move downward on Wednesday, an expectation that may itself put pressure on central bankers to deliver just that. Futures tied to the Fed policy rate …

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Retail sales top Wall Street estimates in August

Retail sales surpassed Wall Street’s estimates in August, as investors keep a close eye on any signs of a slowdown in consumer spending. The data comes as the Federal Reserve’s two day policy meeting kicks off in Washington with the central bank widely expected to cut interest rates as economic …

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