Traders believe there is a 60% chance that the Federal Reserve will cut interest rates by 25 basis points within a week
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Traders believe there is a 60% chance that the Federal Reserve will make an emergency 25 basis point rate cut within a week. Market panic intensifies, with stock index futures falling, but showing some signs of stabilization. Federal Reserve Chairman Powell stated that the issue of rate cuts will be discussed at the September meeting. Chicago Fed President Evans will deliver a speech
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