Watch out for the risk of a less-dovish Fed ...Middle East

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Watch out for the risk of a less-dovish Fed
The FOMC statement is due out at the top of the hour and Fed Chairman Jerome Powell will hold a press conference afterwards.A 25 basis point rate cut to a range of 4.50-4.75% is assured but what comes next isn't so the market will be looking for hints. In all likelihood, it will be a continuation of the current statement, which said "recent indicators suggest that economic activity has continued to expand at a solid pace" and that inflation has made further progress. "In considering additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks," the statement said.When that statement

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