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Markets on edge with Fed's Powell set to speak next
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Fed Chairman Jerome Powell is set to speak at the bottom of the hour. Ahead of that, the market is pricing in a 16% chance of a cut in May and a 76% chance of a cut in June.
Waller made a dovish shift this week but other Fed officials have been preaching patience and not looking through tariff price shocks.
Source: Forex Live
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